Gold Prices Reach Two-Week High on Weak US Economic Data and Rate Cut Expectations
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#1427aa63 ver:0.44
#Gold prices hit a two-week high on weak US economic data and rate cut expectations. Spot gold reached $2,333.69 per ounce, its highest level since June 7. Traders are closely watching for indications of a rate cut from the Federal Reserve. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. #ANZ analysts have a positive view for gold, with a price target of $2,500 per ounce by the end of 2024....
#newstr #Gold #UsEconomy #InterestRateCuts #FederalReserve
https://here.news/story/1427aa63?ver=0.44
Gold Prices React to Key US Inflation Data /
npub1xh…tan5z
2024-06-20 10:05:52
Author Public Key
npub1xhmwtz5yna37nz5mk2e5hha3n2a6zef0xsc07rlwhkr9rjayysgsatan5zPublished at
2024-06-20 10:05:52Event JSON
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"content": "Gold Prices Reach Two-Week High on Weak US Economic Data and Rate Cut Expectations\n===============\t\n#1427aa63 ver:0.44\n\n#Gold prices hit a two-week high on weak US economic data and rate cut expectations. Spot gold reached $2,333.69 per ounce, its highest level since June 7. Traders are closely watching for indications of a rate cut from the Federal Reserve. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. #ANZ analysts have a positive view for gold, with a price target of $2,500 per ounce by the end of 2024....\n\n#newstr #Gold #UsEconomy #InterestRateCuts #FederalReserve \n\n https://here.news/story/1427aa63?ver=0.44",
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