Gold News – 17.Sep.2024

Gold News

Gold Prices: Gold steadied around $2,580 per ounce, hovering at record highs, supported by a weak US dollar.

Federal Reserve Rate Cut Expectations: Investors are increasingly anticipating a 50-basis-point rate cut by the Fed this week, with a 67% probability, according to the CME’s FedWatch Tool. There’s a 33% chance of a 25-basis-point cut.

Other Central Banks: The Bank of England (BoE) is expected to keep rates unchanged, and the Bank of Japan (BoJ) is anticipated to hold rates but may signal readiness to hike.

Political Uncertainty: Gold’s safe-haven appeal was bolstered by political uncertainty after a reported second assassination attempt on Republican presidential candidate Donald Trump.

Author : Arman Shaban
To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :

– Public Telegram Channel
– YouTube Channel
– TradingView
– X (Twitter)
– How to join our FOREX VIP Channel ?
– How to join our Crypto VIP Channel ?
– CONTACT ME directly on Telegram