Gold and Silver Firm vs. Rising Dollar as US GDP Beats Forecasts, PCE Inflation Slows
Gold Price News By Adrian Ash - Thursday 25/01/2024
https://www.bullionvault.com/gold-new...
The PRICE of GOLD held firm against a rising US Dollar on Thursday and silver touched $23 per Troy ounce for the first time in a week despite new data saying the world's No.1 economy grew faster than analysts forecast at the end of 2023.
Betting that the Federal Reserve will make its first cut to Dollar interest rates at the March meeting rallied from yesterday's 6-week low, hit after strong US PMI data, but the European Central Bank held its key interest rates unchanged at the highest in the Eurozone's 2-decade history.
Stock markets still rose across the board, with New York's S&P500 index setting its 4th new all-time high in a row.
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