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FX Desk

Gold slides as US PPI reinforces Fed hike expectations, US Dollar and yields rise

By FXStreet

Gold slides as US PPI reinforces Fed hike expectations, US Dollar and yields rise

Gold (XAU/USD) trades with a downside bias on Thursday as a steady US Dollar (USD), rising US Treasury yields and Federal Reserve (Fed) rate-hike expectations weigh on the precious metal, while traders also assess the latest US Producer Price Index (PPI) data.

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  5. Forex Today: US Dollar rebounds on hot PPI ahead of US CPI

Source: FXStreet