Saturday , 23 November 2024
Home Forex Gold price surge on weak US ADP report fueling Fed rate cut speculation
Forex

Gold price surge on weak US ADP report fueling Fed rate cut speculation

Gold’s price remains range-bound and advanced on Wednesday, making a U-turn to Tuesday’s price action following the release of mixed US economic data that could warrant lower borrowing costs set by the US Federal Reserve (Fed).

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

CCI Histogram Volume MT5 Indicator

The world of financial markets can feel like a whirlwind of charts,...

Global Market Weekly Recap: November 18 – 22, 2024

Global markets rallied despite heightened Russia-Ukraine tensions, with gold and oil gaining...

FX Weekly Recap: November 18 – 22, 2024

Major currencies saw wild swings as Russia-Ukraine tensions escalated. Safe havens rallied...

Gold closes week above $2,700, US PCE data in Focus

Gold price rallies to a new two-week high on Friday during the...