Get the app →
BriefTea logoBriefTea

Every story in sixty words

World · 1 hour ago

Gold prices climb as the US dollar drops ahead of inflation data

Gold prices climb as the US dollar drops ahead of inflation data

Spot gold rose 0.6% on Tuesday, with traders watching upcoming US inflation figures due later this week. The US dollar index fell 0.4%, making dollar-priced metals cheaper for international buyers. Traders currently believe there's a 60% chance of a US interest rate hike next week.

Reported by cnbc.com · How we write briefs

Get the app

More briefs

WorldAvalanche kills 11 climbers on Russia's Mount Mizhirgi WorldSingapore ministers to get big salary increases WorldShetland spaceport receives £30m government cash for expansion WorldRussia and North Korea open their first road bridge on Monday WorldJakarta airport reopens after Anak Krakatau volcano ash clears WorldNepal demands climate compensation from big polluters after floods More world stories → Browse all stories →