Gold on track for third weekly gain as US rate outlook offsets dollar strength - Reuters
Gold on track for third weekly gain as US rate outlook offsets dollar strength Reuters
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"If things break down, (gold) could end up back in mid-$4,000’s pretty quickly. But if the ceasefire holds and the peace deal starts to look more likely, then we could push through $5,000."
— Rodda , Other
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<a href="https://news.google.com/rss/articles/CBMitAFBVV95cUxOVk1Xa1pPY0RrdDdabnpiRXBBc01neVJTbHJiV25QSF9QWVFNcTF2dTBFVktzcTcxZkpiSFRJa1piNjA3NnU4QThyN2dpNk5Uc0R1YUVKNkJ2VmNqVjJlTThfZm03RFE1ZTBDTDNYa2RHdWtKYVZkUkpNaXA1a1NWTWxSVkJ0dFlpbjhNYm9pbkhaQ19HQ2w3Zl9IeTVjbzJnWXdIREhGTGQ2ekxVcjJHVS15TEY?oc=5" target="_blank">Gold on track for third weekly gain as US rate outlook offsets dollar strength</a> <font color="#6f6f6f">Reuters</font>
Gold prices dipped slightly due to a firmer dollar and US-Iran ceasefire uncertainty but remained on track for a third consecutive weekly gain as investors anticipated earlier and deeper US rate cuts, supporting non-yielding bullion.
Comex Gold prices are on track for a third consecutive weekly gain, boosted by expectations that the U.S. Federal Reserve will halt interest rate hikes after their upcoming July meeting. However, the metal experienced a slight setback on Thursday as the dollar and bond yields rose due to robust U.S. labor market data.
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