Gold Prices Decline as Rising US Yields Impact Market
===============
#1427aa63 ver:0.35
Gold prices slipped as rising US yields and a firm dollar made bullion less attractive. Traders await economic data and Fed comments for clarity on rate cut timeline. Gold fell 0.5% to $2,321.49/oz, while silver dropped 1.2% to $29.19/oz. Traders see a 68% chance of a rate cut in September. Lower interest rates reduce opportunity cost of holding gold. #GoldPrices #USYields #RateCut #EconomicData...
#newstr #Gold #UsYields #FederalReserve #UsTreasuryBondYields #RateCuts #RetailSales #IndustrialProduction #JoblessClaims #PurchasingManagersIndex #People'sBankOfChina #SafehavenAsset #Inflation #DepreciatingCurrencies #CentralBanks #UsDollar #GeopoliticalInstability #InterestRates
https://here.news/story/1427aa63?ver=0.35
Gold Prices React to Key US Inflation Data /
npub1xh…tan5z
2024-06-17 19:55:52
Author Public Key
npub1xhmwtz5yna37nz5mk2e5hha3n2a6zef0xsc07rlwhkr9rjayysgsatan5zPublished at
2024-06-17 19:55:52Event JSON
{
"id": "594703ed1c1c9cdfe540fe9aa67ddba64fdce025c1a75a3d4d6c83bdfd0a6b92",
"pubkey": "35f6e58a849f63e98a9bb2b34bdfb19abba1652f3430ff0feebd8651cba42411",
"created_at": 1718654152,
"kind": 1,
"tags": [],
"content": "Gold Prices Decline as Rising US Yields Impact Market\n===============\t\n#1427aa63 ver:0.35\n\nGold prices slipped as rising US yields and a firm dollar made bullion less attractive. Traders await economic data and Fed comments for clarity on rate cut timeline. Gold fell 0.5% to $2,321.49/oz, while silver dropped 1.2% to $29.19/oz. Traders see a 68% chance of a rate cut in September. Lower interest rates reduce opportunity cost of holding gold. #GoldPrices #USYields #RateCut #EconomicData...\n\n#newstr #Gold #UsYields #FederalReserve #UsTreasuryBondYields #RateCuts #RetailSales #IndustrialProduction #JoblessClaims #PurchasingManagersIndex #People'sBankOfChina #SafehavenAsset #Inflation #DepreciatingCurrencies #CentralBanks #UsDollar #GeopoliticalInstability #InterestRates \n\n https://here.news/story/1427aa63?ver=0.35",
"sig": "10a6991b4d704c213987688556d924605a6ff9f48a691f74b491c1206255603949b27ae38deea2a3283410282c9a67d11f25b5552aba3517bd6ead1acdf6a438"
}