Markets
Gold falls 0.77% as ECB lifts rates to 2.50%
By Markets Desk · 2026-09-10 · Updated 2026-09-10 13:26 UTC
Gold dipped 0.77% following the ECB's 25 basis point rate hike to 2.50%, a move Lagarde justified by citing persistent upside inflation risks through 2027 and downside growth risks from geopolitical conflicts, even as she highlighted recent economic resilience.
Per GN markets/policy (en-US), Christine Lagarde noted that inflation is forecast to stay well above the 2% target until at least the first half of 2027, while acknowledging that the European economy demonstrated resilience in the second quarter despite energy-related headwinds.
Source: GN markets/policy (en-US)The European Central Bank raised key rates by 25 basis points, triggering a modest decline in gold prices without triggering a broader sell-off.
Source: GN auto markets/bonds: interest rates
Based on reporting by GN auto markets/bonds: interest rates and GN markets/policy (en-US), compiled by the Tradingbird desk.
