Gold is now holding around its highest-ever closing price on record. Although this precious metal has struggled to stay above $2070 in recent years, there are enough reasons for bullion to pursue greater heights in 2024.
Gold edges higher past $2k ahead of US PCE Deflator
The incoming US PCE Deflator figures later today could trigger gold’s next move. As long as market bets for Fed rate cuts in 2024 can stay intact, that should pave the way for bullion bulls to send prices even higher.
Gold is now holding around its highest-ever closing price on record. Although this precious metal has struggled to stay above $2070 in recent years, t...
The incoming US PCE Deflator figures later today could trigger gold’s next move. As long as market bets for Fed rate cuts in 2024 can stay intact, t...
Gold had experienced strong pullup amid the lower USD and treasury yields, as the Fed warmed up to cutting rates in 2024....
Gold
Bullion
XAUUSD
Federal Reserve
Loading...
We value your privacy
We use cookies to give you the best-possible experience on our site and serve you personalised content. Click “Sounds good” to agree to our Cookie Policy.