Gold Prices Slip as Investors Take Profits from May Peak, Edges Higher as Investors Await Powell's Testimony
===============
#1427aa63 ver:0.84
Gold prices slip as investors take profits from May peak, but edges higher as investors await Powell's testimony. Spot gold falls 0.9% to $2,370.00 per ounce, while U.S. gold futures ease 0.8% to $2,377.50. Traders expect a 74% chance of a September rate cut by the Federal Reserve, reducing the opportunity cost of holding gold. Market focus this week is on Powell's testimony and U.S. inflation data. Spot gold is up 0.1% at $2,361.77 per ounce, as investors await Powell's testimony. #GoldPrices #Investing #PowellTestimony...
#newstr #Gold #Investors #Testimony
https://here.news/story/1427aa63?ver=0.84
Gold Prices React to Key US Inflation Data /
npub1xh…tan5z
2024-07-09 04:01:48
Author Public Key
npub1xhmwtz5yna37nz5mk2e5hha3n2a6zef0xsc07rlwhkr9rjayysgsatan5zPublished at
2024-07-09 04:01:48Event JSON
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"content": "Gold Prices Slip as Investors Take Profits from May Peak, Edges Higher as Investors Await Powell's Testimony\n===============\t\n#1427aa63 ver:0.84\n\nGold prices slip as investors take profits from May peak, but edges higher as investors await Powell's testimony. Spot gold falls 0.9% to $2,370.00 per ounce, while U.S. gold futures ease 0.8% to $2,377.50. Traders expect a 74% chance of a September rate cut by the Federal Reserve, reducing the opportunity cost of holding gold. Market focus this week is on Powell's testimony and U.S. inflation data. Spot gold is up 0.1% at $2,361.77 per ounce, as investors await Powell's testimony. #GoldPrices #Investing #PowellTestimony...\n\n#newstr #Gold #Investors #Testimony \n\n https://here.news/story/1427aa63?ver=0.84",
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