You are here: Home » Reuters » News
Business Standard

Gold edges lower, seen vulnerable ahead of U.S. inflation data

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold slipped on Tuesday, pressured by a firmer dollar and concern that U.S. inflation data later in the day will be robust, strengthening the case for more U.S. interest rate hikes. Analysts polled by Reuters forecast the U.S. consumer price index (CPI), due at 1230 GMT, rose 2.2 percent in February year-on-year, compared with a 2.1 percent increase a month earlier."If you have a higher than expected CPI reading today it would put more downward pressure on gold, especially if yields also go up," said Georgette Boele, commodity strategist at ABN AMRO in ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, March 13 2018. 16:07 IST