The Dollar Climbs, Gold Holds, And Now It's China's Move

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.

USD 101

Gold’s value hasn’t fallen along with the U.S. dollar rise and has, instead, held onto its gains from late yesterday.

Gold 1111

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.