Hot US Inflation Sends Gold and Bitcoin Lower as Fed Rate Hike Bets Surge
Market / Price
Gold, Bitcoin, and U.S. stocks came under pressure on Thursday, September 10, after another strong inflation report pushed Treasury yields higher and increased expectations for a Federal Reserve rate hike. U.S. producer prices rose 0.4% in August, matching forecasts, while annual PPI inflation accelerated to 5.4%, slightly above the expected 5.3%.
BTC
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