Sunday , 19 January 2025
Home Forex Gold price rebounds due to soft US GDP fueling rate cut speculation
Forex

Gold price rebounds due to soft US GDP fueling rate cut speculation

Gold prices trimmed some of Wednesday’s losses and rose 0.41% on Thursday after the US Gross Domestic Product (GDP) showed the economy is slowing, reigniting hopes that the US Federal Reserve (Fed) may cut rates later in the year.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

Premium Watchlist Recap: January 13 – 15, 2025

This week our currency strategists focused on the U.K. and U.S. CPI...

Weekly Market Outlook (20-24 January)

UPCOMING EVENTS:Monday: PBoC LPR,US Presidential Inauguration Day, BoC Business Outlook Survey, New...

How To Predict Forex Price Movements Accurately

Struggling to predict forex price movements? The foreign exchange market trades over...

A technical view of the major currency pairs going into the new trading week

EURUSD:USDJPY:GBPUSD:USDCHF:USDCAD:AUDUSD:NZDUSD: This article was written by Greg Michalowski at www.forexlive.com.