Gold Prices React to Key US Inflation Data on Nostr: Gold Prices Slip as Investors Take Profits from May Peak =============== #1427aa63 ...
Gold Prices Slip as Investors Take Profits from May Peak
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#1427aa63 ver:0.83
Gold prices slip as investors take profits from May peak, following rising bets of US interest rate cuts in September. Spot gold falls 0.9% to $2,370.00 per ounce, while US gold futures ease 0.8% to $2,377.50. Traders expect a 74% chance of a September rate cut by the Federal Reserve. Lower rates reduce the opportunity cost of holding non-yielding bullion. #GoldPrices #InterestRates #Investing...
#newstr #Gold #Investors #Profittaking #FederalReserve #InterestRates #UsJobsData
https://here.news/story/1427aa63?ver=0.83
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#1427aa63 ver:0.83
Gold prices slip as investors take profits from May peak, following rising bets of US interest rate cuts in September. Spot gold falls 0.9% to $2,370.00 per ounce, while US gold futures ease 0.8% to $2,377.50. Traders expect a 74% chance of a September rate cut by the Federal Reserve. Lower rates reduce the opportunity cost of holding non-yielding bullion. #GoldPrices #InterestRates #Investing...
#newstr #Gold #Investors #Profittaking #FederalReserve #InterestRates #UsJobsData
https://here.news/story/1427aa63?ver=0.83