Gold Prices Inch Up on Weaker US Economic Data
===============
#14566990 ver:1.05
Gold prices inch up on weaker US economic data, increasing bets of a Fed rate cut in September. Despite a slightly dovish stance from Fed Chair Powell, US Treasury yields remain firm, leading to a decline in gold prices. Traders await the Nonfarm Payrolls report for further direction. The weak economic data and a weaker dollar make gold cheaper for other currency holders. Markets are pricing in a 74% chance of a rate cut, reducing the opportunity cost of holding gold. #goldprices #Fed #economy #ratecut...
#newstr #GoldPrices #UsEconomicData #FederalReserve #InterestRates #UsJobsData
https://here.news/story/14566990?ver=1.05
Gold Prices in India Experience a Decrease on April 23 /
npub130…jv40j
2024-07-04 04:02:50
Author Public Key
npub130fvwavnqsrt5qddsvturpcen9ghhrw3lw9faz6jngrc0jcrnl2qwjv40jPublished at
2024-07-04 04:02:50Event JSON
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"content": "Gold Prices Inch Up on Weaker US Economic Data\n===============\t\n#14566990 ver:1.05\n\nGold prices inch up on weaker US economic data, increasing bets of a Fed rate cut in September. Despite a slightly dovish stance from Fed Chair Powell, US Treasury yields remain firm, leading to a decline in gold prices. Traders await the Nonfarm Payrolls report for further direction. The weak economic data and a weaker dollar make gold cheaper for other currency holders. Markets are pricing in a 74% chance of a rate cut, reducing the opportunity cost of holding gold. #goldprices #Fed #economy #ratecut...\n\n#newstr #GoldPrices #UsEconomicData #FederalReserve #InterestRates #UsJobsData \n\n https://here.news/story/14566990?ver=1.05",
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