Gold markets lurched into a fresh all-time high on Tuesday as rate markets fully price in a September rate cut from the Federal Reserve (Fed).
Gold markets lurched into a fresh all-time high on Tuesday as rate markets fully price in a September rate cut from the Fed eral Reserve . US Retail Sales slumped flat in June, piling soft data on top of more soft data after last week's US Consumer Price Index inflation print cooled more than expected.
High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gold Forecast: XAU/USD remains directionless ahead of key macroeconomic eventsGold (XAU/USD) came under bearish pressure and declined below $2,300 on Wednesday after starting the week in a calm manner.
Lire la suite »
Gold (XAU/USD) & Silver (XAG/USD) – Updated Sentiment AnalysisIG client sentiment shows who is going long or short and how that information can affect price action
Lire la suite »
Gold Forecast: XAU/USD sellers refuse to give up, as US PCE inflation loomsGold price has snapped its rebound from two-week lows early Friday, losing ground after running into offers near the $2,330 resistance again.
Lire la suite »
Gold Price Forecast: XAU/USD back to its comfort zone around $2,330Spot Gold rallied on Thursday, returning to its comfort zone at around $2,330, trading just below the level mid-American session.
Lire la suite »
Gold Forecast: XAU/USD struggles with $2,300, not out of the woods yetGold price is languishing in two-week lows just shy of the $2,300 level early Thursday, with buyers lacking conviction due to the sustained strength in the US Treasury bond yields.
Lire la suite »