Gold Prices React to Key US Inflation Data on Nostr: Gold Prices Drop as US Dollar and Yields Rise, Palladium Hits One-Month Peak ...
Gold Prices Drop as US Dollar and Yields Rise, Palladium Hits One-Month Peak
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#1427aa63 ver:0.54
Gold prices dropped over 1% due to a stronger dollar and higher bond yields, while palladium reached a one-month peak. The US dollar rose 0.2%, making gold more expensive for other currency holders. Meanwhile, weak economic data from the US has fueled expectations of a Fed rate cut, supporting gold prices. However, disappointing US existing home sales in May led to a decline in gold prices. Strong US PMI figures and the absence of escalation in tensions between Israel and Hezbollah also contributed to the drop in gold prices. #GoldPrices #USdollar #Palladium #FedRateCut...
#newstr #Gold #UsDollar #Yields #Palladium
https://here.news/story/1427aa63?ver=0.54
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#1427aa63 ver:0.54
Gold prices dropped over 1% due to a stronger dollar and higher bond yields, while palladium reached a one-month peak. The US dollar rose 0.2%, making gold more expensive for other currency holders. Meanwhile, weak economic data from the US has fueled expectations of a Fed rate cut, supporting gold prices. However, disappointing US existing home sales in May led to a decline in gold prices. Strong US PMI figures and the absence of escalation in tensions between Israel and Hezbollah also contributed to the drop in gold prices. #GoldPrices #USdollar #Palladium #FedRateCut...
#newstr #Gold #UsDollar #Yields #Palladium
https://here.news/story/1427aa63?ver=0.54