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Gold Tops $2400 Amid Rate-Cut Hope: Is the Bull Run Over?
The anticipation of a Federal Reserve rate cut in September has invigorated the gold market, propelling prices above the $2,400 threshold for the first time since May 22nd. This surge followed the release of US Consumer Price Index (CPI) data on Wednesday, which fell short of Wall Street expectations and prompted the market to price in over a 90% chance of a rate cut in September.
Debang Securities: Copper prices hit a new high in 24Q2, but dropped sharply in Q3TC due to continuous tight supply and demand.
The copper industry's financial and industrial properties may resonate.
Hong Kong stocks fluctuate | Golden industrial concept generally rises. The unexpected slowdown in US CPI boosts expectations for rate cuts, and gold prices once again break through the $2400 mark.
As of press time, golden industrial concept stocks generally rose. Lingbao Gold (03330) rose 5.64%, with a reported price of HKD 3.56; China Gold International (02099) rose 3.14%, with a reported price of HKD 54.15; Zhaojin Mining (01818) rose 2.22%, with a reported price of HKD 15.64.
Gold Rises to a Seven-Week High as the Dollar and Yields Tumble After U.S. Inflation Slowed Last Month
Gold traded at a seven-week high early on Thursday, spiking back above the US$2,400 mark for the first time since May 22 after U.S. consumer prices rose less than expected last month, sending the
Tracking Hong Kong stock concepts | The Fed does not need to wait for inflation to fall below 2% before lowering interest rates. Gold prices will have further drivers in the future. (Attached concept stocks)
Continuing to stay ahead of the expected rate cut by the Federal Reserve, industry insiders say that the adjustment in gold prices may provide a good buying opportunity.
Gold Price Resumes Uptrend, US CPI in Focus
Gold surges amid growing expectations of Fed rate cuts in September.
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104367086 : Any idea for Baba stock