The dollar rose overnight in anticipation the world’s other power economy, China, might soon be forced to raise interest rates or the value of the yuan in an effort to curb inflation. The country’s consumer price index surged 4.4% in the month of September.
Gold’s value hasn’t fallen along with the U.S. dollar rise and has, instead, held onto its gains from late yesterday.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.