Reported 1 day ago
Gold prices have remained steady, trading above $3600/oz despite a recent spike in jobless claims and anticipation of a Federal Reserve rate cut. While the latest CPI report indicated inflation below 3%, the gold market showed less volatility than expected, suggesting that current price levels might not react strongly to upcoming economic changes. Investors are now questioning whether the potential rate cut will meet expectations, particularly if further cuts are not indicated.
Source: YAHOO