🟢Gold is rising as expectations firm of falling interest rates in the US – a positive for the precious metal.
🟢Fed’s Adriana Kugler says a combination of falling inflation and weakening labor market could force rate cut “later this year”.
🟢Bets from Shanghai Futures Exchange traders are further bidding up Gold, say strategists from TD Securities.
🔝Gold rises on hopes of a September interest-rate cut
🔝Shanghai Futures Exchange buying keeps Gold bid – TD Securities
🕯Technical Analysis: Gold broke out of range and hit a new calculated all-time high of 2,618 and is still waiting to surpass 3,618 to set the next peak
🟢Fed’s Adriana Kugler says a combination of falling inflation and weakening labor market could force rate cut “later this year”.
🟢Bets from Shanghai Futures Exchange traders are further bidding up Gold, say strategists from TD Securities.
🔝Gold rises on hopes of a September interest-rate cut
🔝Shanghai Futures Exchange buying keeps Gold bid – TD Securities
🕯Technical Analysis: Gold broke out of range and hit a new calculated all-time high of 2,618 and is still waiting to surpass 3,618 to set the next peak
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