GOLD STEADIES AFTER JUMP FUELED BY RISING BETS ON US RATE CUT
https://s.yimg.com/ny/api/res/1.2/P.QTqtw7u7rTbXYkhsc30Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/bloomberg_holding_pen_162/37f498a8dfafb3e00605a711814005c4
✍️ Gold prices stabilized after surging in the previous session, driven by expectations of a potential US interest rate cut in December.
👉 Gold prices surged in the previous session, driven by expectations of a potential US interest rate cut in December. 👉 Federal Reserve Governor Christopher Waller and New York Fed President John Williams advocated for a rate cut due to a soft US labor market. 👉 Traders are pricing in a roughly 75% chance of a quarter-point cut at the last meeting of the year. 👉 Gold has consolidated after pulling back last month from a record peak, but still has gained about 55% this year and is on track for its best annual performance since 1979.
-- #ChristopherWaller #JohnWilliams #LucaBindelli #JackRyan #TomLee #US #Mumbai #SanFrancisco #Harlem #Princeton #Bratislava #NewYork #Texas #Slovakia #business
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