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Gold Retreats as Middle East Tensions Ease Following Strikes /
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2024-05-30 02:03:30

Gold Retreats as Middle East Tensions Ease Following Strikes on Nostr: Gold Prices React to Global PMIs and Rate Worries, US Shares Up Despite Uncertainty ...

Gold Prices React to Global PMIs and Rate Worries, US Shares Up Despite Uncertainty
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#50bb159c ver:1.15

Gold prices dropped as strong PMI data dampened hopes of Federal Reserve rate cuts. US shares were up despite uncertainty. The decline in gold prices may be attributed to a potential false break and the stronger US dollar. Traders are waiting for a retracement in gold prices before reentering the market. The decline in rate-cut hopes and the potential for firmer growth and inflation have negatively impacted market sentiment. Despite disappointing US home sale data, gold prices continue to face selling pressure. #GoldPrices #PMI #RateCuts #USShares #MarketSentiment...

#newstr #Gold #Pmi #FederalReserve #RateCuts #WallStreet #Dollar #Oil #Inflation

https://here.news/story/50bb159c?ver=1.15
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