Friday , 20 September 2024
Home Forex Gold rises as Powell steers middle-way while market still price rate cuts
Forex

Gold rises as Powell steers middle-way while market still price rate cuts

Gold (XAU/USD) trades up almost half a percent in the $2,380s on Thursday as markets continue to foresee interest-rate cuts coming down the track.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

Crude Oil Technical Analysis – Testing a key resistance

Fundamental OverviewCrude oil continues to remain supported as the buyers might be...

BOE’s Mann: Policy needs to stay restrictive to purge inflationary behaviours

It is better to remain restrictive for longerWe can cut more aggressively...

Gold Technical Analysis – The fall in real yields drives the price higher

Fundamental OverviewThe Fed this week finally started its easing cycle and decided...

BOJ governor Ueda: Easy monetary conditions are in place as real rates remain negative

US economy achieving soft landing is our main scenarioIf US economy achieves...