Spot Gold Set for Second Weekly Gain as Investors Await US Non-Farm Payrolls Data
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#1427aa63 ver:0.78
Spot gold 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, gold could reach $2,400. Lower interest rates reduce opportunity cost of holding gold. Analysts predict gold prices to average $2,200 in 2024. #gold #investing #economy #interestrates...
#newstr #SpotGold #NfpData #FederalReserve #InterestRates
https://here.news/story/1427aa63?ver=0.78
Gold Prices React to Key US Inflation Data /
npub1xh…tan5z
2024-07-05 07:56:01
Author Public Key
npub1xhmwtz5yna37nz5mk2e5hha3n2a6zef0xsc07rlwhkr9rjayysgsatan5zPublished at
2024-07-05 07:56:01Event JSON
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"content": "Spot Gold Set for Second Weekly Gain as Investors Await US Non-Farm Payrolls Data\n===============\t\n#1427aa63 ver:0.78\n\nSpot gold 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, gold could reach $2,400. Lower interest rates reduce opportunity cost of holding gold. Analysts predict gold prices to average $2,200 in 2024. #gold #investing #economy #interestrates...\n\n#newstr #SpotGold #NfpData #FederalReserve #InterestRates \n\n https://here.news/story/1427aa63?ver=0.78",
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