🪙 GOLD NEWS
🌐 IMPORTANT
⭐️ EXCLUSIVE
📆 31.05.2024
➖➖➖➖➖➖➖➖➖➖➖
• Gold prices are set for a fourth consecutive monthly gain, remaining unchanged at $2,343.63 per ounce as of 0726 GMT.
• Weekly gold prices are up 0.4%, and monthly prices are up 2.5%.
U.S. gold futures are flat at $2,341.80 per ounce.
• Monthly gains are driven by central bank buying and geopolitical risks.
• Market is awaiting U.S. core Personal Consumption Expenditures (PCE) price index data, the Fed's preferred inflation measure, to be released at 1230 GMT.
• Weaker U.S. GDP growth may prompt policy easing, but inflation progress remains crucial.
• Any increase in PCE could pressure gold, but a significant decline is unlikely with buyers defending the $2,300 level.
• Traders have reduced rate-cut expectations due to recent hawkish Fed comments.
• Higher interest rates increase the opportunity cost of holding non-yielding gold.
🌐 IMPORTANT
⭐️ EXCLUSIVE
📆 31.05.2024
➖➖➖➖➖➖➖➖➖➖➖
• Gold prices are set for a fourth consecutive monthly gain, remaining unchanged at $2,343.63 per ounce as of 0726 GMT.
• Weekly gold prices are up 0.4%, and monthly prices are up 2.5%.
U.S. gold futures are flat at $2,341.80 per ounce.
• Monthly gains are driven by central bank buying and geopolitical risks.
• Market is awaiting U.S. core Personal Consumption Expenditures (PCE) price index data, the Fed's preferred inflation measure, to be released at 1230 GMT.
• Weaker U.S. GDP growth may prompt policy easing, but inflation progress remains crucial.
• Any increase in PCE could pressure gold, but a significant decline is unlikely with buyers defending the $2,300 level.
• Traders have reduced rate-cut expectations due to recent hawkish Fed comments.
• Higher interest rates increase the opportunity cost of holding non-yielding gold.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.