Gold prices are likely to experience volatility in September
==========
Gold prices have risen over 20% in 2024; Comex Gold (December) reached an all-time high of $2570 per ounce; Gold futures climbed to record highs for three consecutive sessions; Strong safe-haven demand amid geopolitical uncertainties; Federal Reserve Chair Jerome Powell hinted at imminent rate cuts; U.S. economic data showed resilience, including a rise in Services PMI and Durable Goods Orders; July unemployment rate rose unexpectedly; PBoC refrained from gold purchases for three months; SPDR Gold Trust holdings reached a seven-month high; Comex Silver declined to $26.50 per ounce before recovering to $29.14; Anticipation of a 25 basis point rate cut in September; Upcoming PCE report crucial for Fed's decision-making; Gold prices likely to fluctuate based on U.S. labor report.
#Gold #Silver #FederalReserve #EconomicData #Volatility #Investing #GeopoliticalTensions #MarketTrends #Etf #InterestRates
https://www.businesstoday.in/personal-finance/investment/story/gold-prices-are-likely-to-experience-volatility-in-september-444876-2024-09-07
Business Today /
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2024-09-07 05:52:43
Author Public Key
npub10krv5xyz57fwv0upm7fgx90w8m2xulqkzzxml2d9d433rwrlmwpsyffpj8Published at
2024-09-07 05:52:43Event JSON
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"content": "Gold prices are likely to experience volatility in September\n==========\n\nGold prices have risen over 20% in 2024; Comex Gold (December) reached an all-time high of $2570 per ounce; Gold futures climbed to record highs for three consecutive sessions; Strong safe-haven demand amid geopolitical uncertainties; Federal Reserve Chair Jerome Powell hinted at imminent rate cuts; U.S. economic data showed resilience, including a rise in Services PMI and Durable Goods Orders; July unemployment rate rose unexpectedly; PBoC refrained from gold purchases for three months; SPDR Gold Trust holdings reached a seven-month high; Comex Silver declined to $26.50 per ounce before recovering to $29.14; Anticipation of a 25 basis point rate cut in September; Upcoming PCE report crucial for Fed's decision-making; Gold prices likely to fluctuate based on U.S. labor report.\n\n#Gold #Silver #FederalReserve #EconomicData #Volatility #Investing #GeopoliticalTensions #MarketTrends #Etf #InterestRates\n\nhttps://www.businesstoday.in/personal-finance/investment/story/gold-prices-are-likely-to-experience-volatility-in-september-444876-2024-09-07",
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