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Gold Pops Above $2,400 as Tame Inflation Data Lifts Rate Cut Optimism
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 Pushes Higher as Market Hopes Rise for U.S. Rate Cut
Gold Price Resumes Uptrend, US CPI in Focus
Gold surges amid growing expectations of Fed rate cuts in September.
Gold Price Inches Higher as Powell Signals Patience
Gold prices rise above $2,360 after Powell’s Senate testimony indicates a cautious approach to rate cuts.