🟢Gold is rising as expectations firm of falling interest rates in the US – a positive for the precious metal.
🟢Fed’s Adriana Kugler says a combination of falling inflation and weakening labor market could force rate cut “later this year”.
🟢Bets from Shanghai Futures Exchange traders are further bidding up Gold, say strategists from TD Securities.
🔝Gold rises on hopes of a September interest-rate cut
🔝Shanghai Futures Exchange buying keeps Gold bid – TD Securities
🕯Technical Analysis: Gold broke out of range and hit a new calculated all-time high of 2,618 and is still waiting to surpass 3,618 to set the next peak
🟢Fed’s Adriana Kugler says a combination of falling inflation and weakening labor market could force rate cut “later this year”.
🟢Bets from Shanghai Futures Exchange traders are further bidding up Gold, say strategists from TD Securities.
🔝Gold rises on hopes of a September interest-rate cut
🔝Shanghai Futures Exchange buying keeps Gold bid – TD Securities
🕯Technical Analysis: Gold broke out of range and hit a new calculated all-time high of 2,618 and is still waiting to surpass 3,618 to set the next peak
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.