Gold Jumps Near Record, Stocks Sink as Fed Rate-Cut Bets Leap on Bad US Jobs Data

Опубликовано: 03 Ноябрь 2024
на канале: BullionVault

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Gold Price News By Adrian Ash – Friday 2nd August 2024

GOLD leapt in London trade Friday, fixing at the 2nd highest benchmark price ever around $2470 per Troy ounce as the plunge in global stock markets accelerated along with betting on sharp cuts to US interest rates after new data said unemployment is rising fast in the world's largest economy.

Gold prices then retreated sharply as the sell-off in US equities pulled the MSCI World Index of developed-economy stocks down 2.5% for the day to a 2-month low, dropping $30 per ounce to $2440.

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