Gold prices are fluctuating within ~$2000-$2046 corridor as investors grasp for clues regarding the future of the US interest rates and geopolitical developments in the Middle East.
Gold is now holding around its highest-ever closing price on record. Although this precious metal has struggled to stay above $2070 in recent years, there are enough reasons for bullion to pursue greater heights in 2024.
Gold edges higher past $2k ahead of US PCE Deflator
The incoming US PCE Deflator figures later today could trigger gold’s next move. As long as market bets for Fed rate cuts in 2024 can stay intact, that should pave the way for bullion bulls to send prices even higher.
Gold prices are fluctuating within ~$2000-$2046 corridor as investors grasp for clues regarding the future of the US interest rates and geopolitical d...
Gold is now holding around its highest-ever closing price on record. Although this precious metal has struggled to stay above $2070 in recent years, t...
The incoming US PCE Deflator figures later today could trigger gold’s next move. As long as market bets for Fed rate cuts in 2024 can stay intact, t...
Gold
Federal Reserve
inflation
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