2023-12-04 02:39:31
In recent weeks, currency traders have flocked to gold to buy safe values since the outbreak of the war between Israel and Hamas. This trend was reinforced by a series of data indicating a slowdown in inflation for October in the United States, which led to speculation about a cut in interest rates from the US Federal Reserve (Fed).
Bets of a rate cut further weighed on the dollar, making gold cheaper for international buyers.
Forex traders began turning to the yellow metal after Fed boss Jerome Powell said on Friday that rates had “reached a sufficiently restrictive level”, fueling hopes that the central bank would soon start reducing its rates. rate.
1701662498
#Gold #breaks #alltime #high #reaching #ounce
Related posts:
How did the Rolls-Royce Specter turn out. The company's first electric car, which has been waiting ...
Annual results: Aradei Capital beyond expectations
The most important expectations for gold in 2024...reasons for intense buying and breaking $2,100 by...
in Niamey, a demonstration in support of the military regime
MORE stocks cause 'SET' to overhaul rules for securities trading - settlement prevent recurrence
Citigroup shuts down more business in Russia over war in Ukraine
Students, retirees, singles... with inflation, 42% of precarious French people go without a meal a d...
[단독] Concentrated on some public home shopping broadcasters