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Gold Retreats as Middle East Tensions Ease Following Strikes /
npub187g…4guk
2024-05-09 13:00:05

Gold Retreats as Middle East Tensions Ease Following Strikes on Nostr: Gold prices hold steady as US weekly jobless claims reach six-month high ...

Gold prices hold steady as US weekly jobless claims reach six-month high
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#50bb159c ver:0.86

Gold prices hold steady as US jobless claims reach six-month high, with June gold futures trading at $2,326.10 an ounce. Central banks continue to buy gold, but the market may face profit-taking and a potential decline in the near term. The US economy shows signs of slowing, increasing the probability of a Fed rate cut. Gold prices may be impacted by the Fed's stance and the strength of the US dollar. Despite these factors, gold remains attractive to investors amid stagflation risks and strong demand from Asian buyers. #Gold #USjobs #Fed #CentralBanks #Stagflation...

#newstr #Gold #UsLaborMarket #JoblessClaims #FederalReserve

https://here.news/story/50bb159c?ver=0.86
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