Gold Price Tests Record Dollar High After Powell Says the Fed's Beaten Inflation

Опубликовано: 23 Октябрь 2024
на канале: BullionVault

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Gold Price News By Adrian Ash – Tuesday 16th July 2024

The PRICE of GOLD just missed setting a new record London benchmark price in Dollar terms on Tuesday, shrugging off seemingly strong US retail sales data after Fed chairman Powell said the US central bank has brought inflation back down to target, clearing the path for a cut to interest rates.

Large-bar bullion fixed around $2444 per Troy ounce at London's 3pm auction – a new record for the afternoon benchmark, but 50 cents below the AM benchmark's record high gold price of mid-May, as the Dollar held near the 5-week lows set on the FX market yesterday following Federal Reserve chairman Jerome Powell's dovish comments.

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