Gold slips as hot US PPI lifts US yields and US Dollar
Gold (XAU/USD) price edges lower during Wednesday’s session following another high inflation print in the US: input prices for producers, which hit their highest level in four years. At the time of writing, the XAU/USD pair trades at $4,699, down some 0.30%.
Gold prices are likely to continue declining as rising US yields and a stronger US Dollar put downward pressure on XAU/USD. Market participants may seek safer assets, further impacting gold negatively.
Gold (XAU/USD) price edges lower during Wednesday’s session following another high inflation print in the US: input prices for producers, which hit their highest level in four years. At the time of writing, the XAU/USD pair trades at $4,699, down some 0.30%.
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