Macro Finance
Gold Rallies as Tame US Inflation Report Calms Rate Hike Fears
Bloomberg Markets·August 11, 2026·1 min read
Gold extended gains above $4,400 an ounce as US inflation data matched expectations, easing traders' concerns about imminent Federal Reserve interest-rate hikes despite elevated oil prices. The tame inflation report calmed fears of tighter monetary policy, boosting demand for the safe-haven asset.
Read at Bloomberg MarketsDaily crypto arcade
Read the news, then play it.
Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.