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Gold Retreats as Middle East Tensions Ease Following Strikes /
npub187g…4guk
2024-05-07 03:03:50

Gold Retreats as Middle East Tensions Ease Following Strikes on Nostr: Gold Prices Rise on US Rate Cut Bets and Slower Job Growth =============== #50bb159c ...

Gold Prices Rise on US Rate Cut Bets and Slower Job Growth
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#50bb159c ver:0.76

Gold prices rise as US rate cut bets increase and job growth slows. Despite a drop in prices, gold has room to fall further due to the Fed's restrictive monetary policy. Central banks continue to buy gold, with the strongest start on record. Major banks predict higher prices, but profit-taking and defensive strategies may weigh on prices in the near term. Bitcoin and stocks rally, while the US service sector loses momentum. The fate of crypto in the US may be determined by the election. Gold prices on the global stock exchange fall due to shrinking expectations of an early US rate cut....

#newstr #GoldPrices #UsRateCutBets #JobGrowth #UsLaborMarket #FederalReserve #CentralBanks #Bitcoin #GlobalStockMarket #UsInterestRates #UsJobsReport

https://here.news/story/50bb159c?ver=0.76
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