Wednesday , 25 September 2024
Home Forex Gold price drops as traders pare Fed rate cut prospects
Forex

Gold price drops as traders pare Fed rate cut prospects

Gold price (XAU/USD) edges down to $2,330 in Thursday’s European session as traders have priced out strong speculation that the Federal Reserve (Fed) will pivot to rate cuts in the June meeting.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

GBPUSD moves below the 100 hour MA. Can the sellers keep the momentum going?

Earlier today, the price of the GBPUSD moved to the highest level...

Goldman Sachs: What we expect from the SNB and how to trade it?

Goldman Sachs anticipates that the Swiss National Bank (SNB) will cut rates...

Why the market has quickly soured on the China-stimulus trade

China needed to show up with a double-barrelled bazooka this week and...

US sells 5-year notes at 3.519% vs 3.519% WI

Rates have been creeping up at the long end since the Fed...