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Gold shines bright as soft US ADP report ignites rate cut expectation

Started by forex4you, Jun 06, 2024, 06:40 am

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Jun 06, 2024, 06:40 am
Gold shines bright as soft US ADP report ignites rate cut expectation

Gold's price remains range-bound and advanced on Wednesday, making a U-turn to Tuesday's price action following the release of mixed US economic data that could warrant lower borrowing costs set by the US Federal Reserve (Fed).

Source: Gold shines bright as soft US ADP report ignites rate cut expectation
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