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Gold Retreats as Middle East Tensions Ease Following Strikes /
npub187g…4guk
2024-06-05 07:05:11

Gold Retreats as Middle East Tensions Ease Following Strikes on Nostr: Gold price struggles to attract buyers despite firming Fed rate cut bets ...

Gold price struggles to attract buyers despite firming Fed rate cut bets
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#50bb159c ver:1.2

Despite expectations of a Fed rate cut, gold prices struggle to attract buyers. The US Dollar's bounce and concerns about a slowing global economy contribute to the decline. Traders await key US macro releases and central bank events for further direction. Gold's rally remains vulnerable below the 50-day SMA. #Gold #FedRateCut #USMacro #GlobalEconomy...

#newstr #Gold #Xau #Usd #FederalReserve #InterestRates #UsMacroData #ManufacturingActivity #UsDollar #NonfarmPayrolls #BankOfCanada

https://here.news/story/50bb159c?ver=1.2
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