Gold eases on inflation woes, rate hike fears
GLD•Other metals edge higher
- Among other metals, spot silver XAG= rose 0.1% to $66.31 per ounce, platinum XPT= gained 0.1% to $1,801.20 and palladium XPD= added 0.1% at $1,303.70.
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| N/A | UK House Price Rightmove MM, YY Sep |
Physical demand remains mixed in India and China
- Gold demand in India stayed subdued last week as buyers held back purchases in anticipation of lower prices, while premiums in China remained steady, supported by robust investment demand. GOL/AS
Central banks tighten as euro zone ministers watch bond yields
- Euro zone finance ministers are "concerned but not anxious" about the rise of bond yields and realise they must stick to EU-approved fiscal paths to preserve credibility, the head of euro zone finance ministers Kyriakos Pierrakakis said on Friday.
Gold slips as inflation concerns and rate-hike expectations build
Sept. 21 (Reuters) - Gold prices slipped in early Asian trading on Monday as the latest tensions in the Middle East added to inflation concerns and reinforced expectations of higher interest rates.
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Spot gold XAU= fell 0.2% at $4,368.33 per ounce, as of 0027 GMT. U.S. gold futures GCcv1 for December delivery were down 0.4% at $4,406.70.
