Both gold and silver bullion rose in Dollar price terms this week as the US debt deal in Washington saw short- and longer-term bond yields retreat but Fed and European Central Bank officials vowed to keep raising rates despite slowing economic data
Eurozone inflation is still "too high" and the European Central Bank will keep hiking interest rates but at a more gradual pace, president Christine Lagarde said Thursday.
Confirming the downward trend, Eurozone inflation eased sharply to a 15-month low in May and core inflation slowed for the second month, but the European Central Bank President Christine Lagarde said more monetary policy tightening is needed.