A day after a surprise slowing in Britain’s fast pace of price growth, the BoE’s Monetary Policy Committee voted by a narrow margin of 5-4 to keep Bank Rate at 5.25%. It was the first time since December 2021 that the BoE did not increase borrowing costs.
Gold prices may face near-term retracement due to stronger dollar, yields
Stronger bond yields, a rising US dollar, and risk-on sentiment in equities may lead to a short-term retracement in gold prices, according to the World
November 12, 2024