WS #14240
Weak US retail sales and soft inflation data have reduced September rate hike odds to ~29% (from 47% a month ago), pressuring the dollar and supporting gold (spot gold +0.6% to $4,400/oz).
Fed rate hike expectations easing
Weak US retail sales and soft inflation data have reduced September rate hike odds to ~29% (from 47% a month ago), pressuring the dollar and supporting gold (spot gold +0.6% to $4,400/oz).