Gold Prices Slip as Investors Take Profits from May Peak, Edges Higher as Investors Await Powell's Testimony
===============
#1427aa63 ver:0.86
Gold prices slip as investors take profits from May peak, but edges higher as they await Powell's testimony. Spot gold fell 0.9% to $2,370.00 per ounce, but rose 0.4% to $2,368.06 per ounce on Tuesday. Investors are anticipating a rate cut in September, which reduces the opportunity cost of holding gold. Powell's testimony and June inflation data will provide insight into the next policy move by the Federal Reserve. #GoldPrices #Investors #PowellTestimony #RateCut...
#newstr #Gold #PriceOutlook #RateCut #CentralBanks #Etfs #FedChairPowell #Inflation #TechnicalAnalysis
https://here.news/story/1427aa63?ver=0.86
Gold Prices React to Key US Inflation Data /
npub1xh…tan5z
2024-07-09 16:07:35
Author Public Key
npub1xhmwtz5yna37nz5mk2e5hha3n2a6zef0xsc07rlwhkr9rjayysgsatan5zPublished at
2024-07-09 16:07:35Event JSON
{
"id": "ee9aec33e4af816dc8f98e2b18c671c0a39e30b300d9e9c8739f2b125e982fd4",
"pubkey": "35f6e58a849f63e98a9bb2b34bdfb19abba1652f3430ff0feebd8651cba42411",
"created_at": 1720541255,
"kind": 1,
"tags": [],
"content": "Gold Prices Slip as Investors Take Profits from May Peak, Edges Higher as Investors Await Powell's Testimony\n===============\t\n#1427aa63 ver:0.86\n\nGold prices slip as investors take profits from May peak, but edges higher as they await Powell's testimony. Spot gold fell 0.9% to $2,370.00 per ounce, but rose 0.4% to $2,368.06 per ounce on Tuesday. Investors are anticipating a rate cut in September, which reduces the opportunity cost of holding gold. Powell's testimony and June inflation data will provide insight into the next policy move by the Federal Reserve. #GoldPrices #Investors #PowellTestimony #RateCut...\n\n#newstr #Gold #PriceOutlook #RateCut #CentralBanks #Etfs #FedChairPowell #Inflation #TechnicalAnalysis \n\n https://here.news/story/1427aa63?ver=0.86",
"sig": "27a3fa2e587bf320a73c4fd0a1406101eda0c333644586b326a11f151e604318d69a1a00b948d28ddc73e50270fca2ebe04558677610b621a0391d7d18e7fafa"
}