Gold Prices Hold Ground Despite ECB Rate Hike
The European Central Bank raised interest rates by 25 basis points on September 10, 2026, pushing borrowing costs higher to tame stubborn eurozone inflation.
The European Central Bank raised interest rates by 25 basis points on September 10, 2026, pushing borrowing costs higher to tame stubborn eurozone inflation.
Spot gold prices traded near the $4,400 per ounce mark on Monday, September 7, pressured by a much stronger-than-expected August U.S.
Gold prices reversed early gains to fall on Monday, slipping about 0.4% to $4,436.57 an ounce as investors reassessed the Federal Reserve’s monetary policy outlook following Chair…