Gold Prices React to Key US Inflation Data on Nostr: Gold Prices Reach Two-Week High on Weak US Economic Data and Rate Cut Expectations ...
Gold Prices Reach Two-Week High on Weak US Economic Data and Rate Cut Expectations
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#1427aa63 ver:0.44
#Gold prices hit a two-week high on weak US economic data and rate cut expectations. Spot gold reached $2,333.69 per ounce, its highest level since June 7. Traders are closely watching for indications of a rate cut from the Federal Reserve. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. #ANZ analysts have a positive view for gold, with a price target of $2,500 per ounce by the end of 2024....
#newstr #Gold #UsEconomy #InterestRateCuts #FederalReserve
https://here.news/story/1427aa63?ver=0.44
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#1427aa63 ver:0.44
#Gold prices hit a two-week high on weak US economic data and rate cut expectations. Spot gold reached $2,333.69 per ounce, its highest level since June 7. Traders are closely watching for indications of a rate cut from the Federal Reserve. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. #ANZ analysts have a positive view for gold, with a price target of $2,500 per ounce by the end of 2024....
#newstr #Gold #UsEconomy #InterestRateCuts #FederalReserve
https://here.news/story/1427aa63?ver=0.44