Day: May 14, 2023
May
14
Dollar Rises, Gold Falls as US CPI Report Leaves Investors Uncertain
On Friday, the dollar continued to gain ground, while the price of gold dropped to $2000 per ounce. This occurred as the details of the US Consumer Price Index (CPI) report for April failed to fully convince investors that the Federal Reserve would refrain from raising interest rates in June. Additionally, the argument regarding lower-than-expected […]