Gold Prices React to Key US Inflation Data on Nostr: Gold Prices Slip as Investors Take Profits from May Peak, Edges Higher as Investors ...
Gold Prices Slip as Investors Take Profits from May Peak, Edges Higher as Investors Await Powell's Testimony
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#1427aa63 ver:0.86
Gold prices slip as investors take profits from May peak, but edges higher as they await Powell's testimony. Spot gold fell 0.9% to $2,370.00 per ounce, but rose 0.4% to $2,368.06 per ounce on Tuesday. Investors are anticipating a rate cut in September, which reduces the opportunity cost of holding gold. Powell's testimony and June inflation data will provide insight into the next policy move by the Federal Reserve. #GoldPrices #Investors #PowellTestimony #RateCut...
#newstr #Gold #PriceOutlook #RateCut #CentralBanks #Etfs #FedChairPowell #Inflation #TechnicalAnalysis
https://here.news/story/1427aa63?ver=0.86
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#1427aa63 ver:0.86
Gold prices slip as investors take profits from May peak, but edges higher as they await Powell's testimony. Spot gold fell 0.9% to $2,370.00 per ounce, but rose 0.4% to $2,368.06 per ounce on Tuesday. Investors are anticipating a rate cut in September, which reduces the opportunity cost of holding gold. Powell's testimony and June inflation data will provide insight into the next policy move by the Federal Reserve. #GoldPrices #Investors #PowellTestimony #RateCut...
#newstr #Gold #PriceOutlook #RateCut #CentralBanks #Etfs #FedChairPowell #Inflation #TechnicalAnalysis
https://here.news/story/1427aa63?ver=0.86