Gold Prices React to Key US Inflation Data on Nostr: Gold Prices Set for Second Weekly Gain as Investors Await US Non-Farm Payrolls Data ...
Gold Prices Set for Second Weekly Gain as Investors Await US Non-Farm Payrolls Data
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#1427aa63 ver:0.8
Gold prices set for second weekly gain as investors await US non-farm payrolls data. Soft US economic data fuels expectations of interest rate reduction, making gold more attractive. Traders pricing in 73% chance of rate cut in September. US dollar on track for weekly decline, boosting gold's appeal. If jobs data disappoints, September rate cut expected, pushing gold to $2,400 level. Lower interest rates reduce opportunity cost of holding gold. Analysts predict gold prices to average $2,200 per ounce in 2024. #Gold #Investing #InterestRates #USJobs #Economy...
#newstr #Gold #UsFederalReserve #RateCut #UsNonfarmPayrollsReport #Silver #Platinum #Palladium
https://here.news/story/1427aa63?ver=0.8
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#1427aa63 ver:0.8
Gold prices set for second weekly gain as investors await US non-farm payrolls data. Soft US economic data fuels expectations of interest rate reduction, making gold more attractive. Traders pricing in 73% chance of rate cut in September. US dollar on track for weekly decline, boosting gold's appeal. If jobs data disappoints, September rate cut expected, pushing gold to $2,400 level. Lower interest rates reduce opportunity cost of holding gold. Analysts predict gold prices to average $2,200 per ounce in 2024. #Gold #Investing #InterestRates #USJobs #Economy...
#newstr #Gold #UsFederalReserve #RateCut #UsNonfarmPayrollsReport #Silver #Platinum #Palladium
https://here.news/story/1427aa63?ver=0.8