Gold price down but weathering ECB's 25 basis point rate hike - kitco.com — SkimNews
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- European Central Bank raised interest rates by 25 basis points to 2.5%, the latest move in its campaign to quell inflation
- Gold prices moved lower but weathered the ECB hike, while markets priced in additional rate increases after ECB President Lagarde called the latest lift a "no-brainer"
Why it matters: The ECB's 25 basis point hike to 2.5% — framed by Lagarde as a "no-brainer" — signals continued hawkish resolve on inflation, and markets are betting on more hikes ahead; gold's ability to hold its ground through the move is the standout detail for safe-haven watchers.
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