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Gold Retreats as Middle East Tensions Ease Following Strikes /
npub187g…4guk
2024-06-05 02:02:27

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:1.19

Despite expectations of a Fed rate cut, the price of gold struggles to attract buyers. The US Dollar's bounce from a two-month low and concerns about a softening US economy weigh on gold. Traders await US macro data and central bank events for direction. Gold's price vulnerability below the 50-day SMA and key support at $2,315 is noted. Geopolitical risks and central bank actions remain important factors for gold's movement. #GoldPrice #FedRateCut #USMacroData #CentralBanks #GeopoliticalRisks...

#newstr #GoldPrice #Usd #FederalReserve #InterestRates #UsMacroData #ManufacturingActivity #NonfarmPayrolls #BankOfCanada #EuropeanCentralBank #RiskoffSentiment

https://here.news/story/50bb159c?ver=1.19
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