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Gold price advances on Fed rate cut hopes, finishes July with gains

Started by forex4you, Aug 01, 2024, 06:23 am

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Aug 01, 2024, 06:23 am
Gold price advances on Fed rate cut hopes, finishes July with gains

Gold price edged higher during the North American session as traders estimate the Federal Reserve (Fed) will hold rates steady, but it would lay the ground for lower rates that were originally set higher due to an inflationary jump after the Covid-19 reopening.

Source: Gold price advances on Fed rate cut hopes, finishes July with gains
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