Gold slips as U.S. jobless claims data cements rate-hike bets – Reuters
- Date: 19-Nov-2021
- Source: Reuters
- Sector:Economy
- Country:Middle East
Gold slips as U.S. jobless claims data cements rate-hike bets – Reuters
Nov 18 (Reuters) - Gold prices slipped on Thursday as encouraging weekly U.S. jobless claims data strengthened bets for an earlier-than-expected rate hike by the Federal Reserve following recent strong inflation data out of the United States.
Spot gold fell 0.4% to $1,858.76 per ounce by 1:41 pm ET (1841 GMT), and U.S. gold futures settled down 0.5% at $1,861.4.
Despite the drop in prices, bullion was holding near its highest level in five months touched on Tuesday.
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