Gold prices set for second weekly gain on Fed rate outlook

Gold prices set for second weekly gain on Fed rate outlook

May 17, 2024 / Sarkiya Ranen /



GOLD prices held steady on Friday (May 17) and were on track for a second consecutive weekly gain, as recent US economic data prompted traders to raise bets of an interest rate cut from the Federal Reserve later this year.



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Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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