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Gold ticks up as investors weigh Fed slowdown chances
Gold ticks up as investors weigh Fed slowdown chances
Lower interest rates tend to be beneficial for bullion, decreasing the opportunity cost of holding the non-yielding asset. Data on Wednesday showed U.S. producer prices fell more than expected in December, offering more evidence that inflation was receding. U.S. retail sales fell by the most in a year in December, putting consumer spending and the overall economy on a weaker growth path heading into
Lower interest rates tend to be beneficial for bullion, decreasing the opportunity cost of holding the non-yielding asset. Data on Wednesday showed U.S. producer prices fell more than expected in December, offering more evidence that inflation was receding. U.S. retail sales fell by the most in a year in December, putting consumer spending and the overall economy on a weaker growth path heading into
Lower interest rates tend to be beneficial for bullion, decreasing the opportunity cost of holding the non-yielding asset. Data on Wednesday showed U.S. producer prices fell more than expected in December, offering more evidence that inflation was receding. U.S. retail sales fell by the most in a year in December, putting consumer spending and the overall economy on a weaker growth path heading into 
