Gold Prices React to Key US Inflation Data on Nostr: Gold Prices Rise as Weak US Data Boosts Expectations of Fed Rate Cut =============== ...

Gold Prices Rise as Weak US Data Boosts Expectations of Fed Rate Cut
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#1427aa63 ver:0.41

Gold prices rise as weak US data boosts expectations of a Fed rate cut. Traders closely watch US retail sales data and public statements from Reserve officials for indications of a rate cut. If US retail sales data comes below expectations, it could be a boon for gold prices. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. #GoldPrices #FedRateCut...

#newstr #Gold #UsEconomy #FederalReserve #InterestRates

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