Today, US inflation data was released and rose to 8.6% , which | Forex News

Today, US inflation data was released and rose to 8.6% , which is unprecedented in the last 40 years.

As the Federal Reserve is expected to raise interest rates more sharply next week (as inflation rose more than expected).

#Gold has always been a good shield against inflation, the investors have come to the conclusion that it is better to buy #Gold to maintain the value of their money.

Although interest rates rise and are a factor in reducing commodities, it is inflation that is rising anyway, and it is more important for people here to maintain purchasing power.

Because of that the #Gold grew.

#Gold #USD
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