HIGH INFLATION WITH A HIGH CHANCE OF INTEREST RATE CUTS AND CONCERNS ABOUT THE FEDERAL RESERVE'S INDEPENDENCE
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✍️ The gold price rose on Wednesday, influenced by expectations of a US Federal Reserve rate cut in September and tensions in geopolitics and commerce.
👉 Gold price rose 0.45% to $3,448.60 per ounce-troy 👉 Expectations of US Federal Reserve rate cut in September influenced gold price 👉 Weakness of US dollar benefited gold 👉 Geopolitical and commercial tensions maintained risk premium in gold
-- #JeromePowell #DonaldTrump #LisaCook #PriyankaSachdeva #UnitedStates #Russia #Ukraine #NewYork #business
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