U.S. Federal Reserve Governor Christopher Waller echoed the sentiments of his European counterparts on Tuesday, saying that while U.S. inflation is approaching the central bank's 2% goal, the Fed should not rush to lower interest rates until lower inflation can clearly be sustained.
Gold prices slid in reaction to Waller's hawkish remarks and in opposition to the strengthening dollar.
Spot gold dropped 1.3% to $2,027.89 an ounce.
17.01.2024
CPI GBP
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