Saturday , 21 September 2024
Home Forex Gold price rallies on weak US inflation despite hawkish Fed tilt
Forex

Gold price rallies on weak US inflation despite hawkish Fed tilt

Gold’s price spiked during the North American session on Friday after inflation data in the United States (US) increased investors’ hopes of the Federal Reserve (Fed) cutting interest rates later this year.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

Global Market Weekly Recap: September 16 – 20, 2024

It was a hectic week in the global financial markets, as the...

FX Weekly Recap: September 16 – 20, 2024

Although the FOMC decision was the main event on everyone’s radars, there...

Forexlive Americas FX news wrap 20 Sep: The week comes to s close with the USD mostly up.

Mixed end to the day for the major indicesQualcomm has approached Intel...

USD/JPY Price Forecast: Records back-to-back days of gains, stays below 144.00

The USD/JPY registers gain for back-to-back days, yet it remains shy of...