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Gold Prices React to Key US Inflation Data /
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2024-07-01 13:11:22

Gold Prices React to Key US Inflation Data on Nostr: Gold Prices Hold Steady as Investors Assess US Inflation Data =============== ...

Gold Prices Hold Steady as Investors Assess US Inflation Data
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#1427aa63 ver:0.62

Gold prices hold steady as US inflation data suggests potential interest rate cuts by the Federal Reserve. Spot gold rises 0.1% to $2,327.12 per ounce, while US gold futures ease 0.1% to $2,336.60. Traders anticipate a 63% chance of a rate cut in September. Market focus shifts to remarks from Fed Chair Jerome Powell and US labor market data this week. Silver remains flat at $29.12 per ounce, platinum falls 0.2% to $990.90, and palladium inches up 1.1% to $982.62. Gold prices hover around $2,325 per ounce as investors assess US inflation data and anticipate rate cuts....

#newstr #Gold #UsInflation #FederalReserve #InterestRates #UsEconomy #UsJobsReport #FomcMinutes

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