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Gold Retreats as Middle East Tensions Ease Following Strikes /
npub187g…4guk
2024-05-09 03:59:41

Gold Retreats as Middle East Tensions Ease Following Strikes on Nostr: Gold prices steady as investors await US economic data =============== #50bb159c ...

Gold prices steady as investors await US economic data
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#50bb159c ver:0.81

Gold prices declined by over 1% as better-than-expected US labor market data was released, causing investors to await further US economic data. Despite the drop, major banks predict higher gold prices this year, with Goldman Sachs forecasting a rally to $2,700. Central banks continue to show an appetite for gold, with the World Gold Council reporting record purchases in Q1. However, the Fed's restrictive monetary policy and a potential profit-taking among investors could weigh on gold prices in the near term. #Gold #Investing #Economy...

#newstr #GoldPrices #UsEconomicData #FederalReserve #CentralBanks #Bitcoin #GlobalStockMarket #UsInterestRates #UsJobsReport #Fedspeak #UsDollar

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