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
===============
#1427aa63 ver:0.46
Gold prices reach two-week high on weak US economic data and rate cut expectations, with spot gold hitting $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, as lower interest rates reduce the opportunity cost of holding gold. Safe-haven bids and geopolitical tensions also support gold prices. ANZ analysts have a positive view for gold, with a price target of $2,500 per ounce by the end of 2024. #GoldPrices #RateCutExpectations #FederalReserve #SafeHaven #GeopoliticalTensions...
#newstr #Gold #FederalReserve #InterestRates
https://here.news/story/1427aa63?ver=0.46
===============
#1427aa63 ver:0.46
Gold prices reach two-week high on weak US economic data and rate cut expectations, with spot gold hitting $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, as lower interest rates reduce the opportunity cost of holding gold. Safe-haven bids and geopolitical tensions also support gold prices. ANZ analysts have a positive view for gold, with a price target of $2,500 per ounce by the end of 2024. #GoldPrices #RateCutExpectations #FederalReserve #SafeHaven #GeopoliticalTensions...
#newstr #Gold #FederalReserve #InterestRates
https://here.news/story/1427aa63?ver=0.46