Gold News – 10.Jun.2024

Gold News

Gold prices fell below $2,300 per ounce, the lowest in a month.

Strong US jobs data (272K jobs added in May) reduced expectations for an early Federal Reserve interest rate cut.

Likelihood of a September rate cut decreased from 70% to 50%.

China’s central bank paused gold purchases in May after 18 months of consecutive buying.

Investors await the Fed’s interest rate decision and key US inflation data due on Wednesday.

Author : Arman Shaban
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