Gold price rises on softer dollar as market awaits more US data

Gold prices rose nearly 1% on Wednesday on a softer US dollar, with investors shifting focus to economic data due this week for fresh signals on the timing of the Federal Reserve’s rate cuts.

The dollar index, meanwhile, was down 0.2%, making bullion more attractive to buyers holding other currencies. The tech-heavy Nasdaq exchange also took a big hit on Wednesday. Investors are looking forward to the US GDP report for the second quarter due on Thursday, followed by last month’s personal consumption expenditures, for clues on the Fed’s interest rate cut path.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

3 advantages gold bars and coins have over other gold investment typesThere are several different types of gold you can buy. Find out why you should choose gold bars and coins now.
Herkunft: CBSNews - 🏆 87. / 68 Weiterlesen »

Gold vs. Bonds and Stocks: Why Some Investors Choose GoldDespite its reputation as the king of precious metals, during good economic times, gold is not often thought of as an investment.
Herkunft: RollingStone - 🏆 483. / 51 Weiterlesen »