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 / NYJ Editorial Desk /

[ad_1]

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.

[ad_2]

Source link

Posted in

NYJ Editorial Desk

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.

Leave a Comment