📊 The HICP, a measure of inflation, for the Eurozone, will be released today. The inflation data from the old continent will be closely scrutinized by the ECB. Read the full preview here! 👇
Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month and year-on-year basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors.
Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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