Gold Prices Remain Near Two-Week High as Focus Shifts to Payrolls Data
===============
#14566990 ver:1.1
Gold prices remain near a two-week high as focus shifts to payrolls data. Softer-than-expected US economic data has increased bets on a Fed rate cut in September. Despite a slightly dovish stance from Fed Chair Powell, US Treasury yields remained firm, leading to a decline in gold prices. Traders are now awaiting the release of the US nonfarm payrolls report on Friday. The dollar's weakness makes gold cheaper for other currency holders. Markets are pricing in a 74% chance of a rate cut by the Fed in September. Lower interest rates reduce the opportunity cost of holding non-yielding gold. #goldprices #Fed #interestrates #USdata...
#newstr #Gold #UsDollar #FederalReserve #InterestRateCuts #NonfarmPayrolls #EconomicData
https://here.news/story/14566990?ver=1.1
Gold Prices in India Experience a Decrease on April 23 /
npub130…jv40j
2024-07-04 11:02:30
Author Public Key
npub130fvwavnqsrt5qddsvturpcen9ghhrw3lw9faz6jngrc0jcrnl2qwjv40jPublished at
2024-07-04 11:02:30Event JSON
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"content": "Gold Prices Remain Near Two-Week High as Focus Shifts to Payrolls Data\n===============\t\n#14566990 ver:1.1\n\nGold prices remain near a two-week high as focus shifts to payrolls data. Softer-than-expected US economic data has increased bets on a Fed rate cut in September. Despite a slightly dovish stance from Fed Chair Powell, US Treasury yields remained firm, leading to a decline in gold prices. Traders are now awaiting the release of the US nonfarm payrolls report on Friday. The dollar's weakness makes gold cheaper for other currency holders. Markets are pricing in a 74% chance of a rate cut by the Fed in September. Lower interest rates reduce the opportunity cost of holding non-yielding gold. #goldprices #Fed #interestrates #USdata...\n\n#newstr #Gold #UsDollar #FederalReserve #InterestRateCuts #NonfarmPayrolls #EconomicData \n\n https://here.news/story/14566990?ver=1.1",
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