Monthly Archives: July 2024
Gold holds steady as slowing inflation bolsters expectations of Fed rate cuts
Written on July 1, 2024 at 6:45 am, by anakin
Key points Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start cutting interest rates this year. Picture: Gold on the rise, trading at 2325.10 as seen on the VT Markets app. Spot gold rose 0.1% to $2,327.12 per ounce, as of 0202 GMT. PricesContinue Reading
Euro climbs following France’s first-round vote, yen falters
Written on July 1, 2024 at 6:40 am, by anakin
Key points: On Monday, the euro rose following the first round of France’s snap election, which put Marine Le Pen’s far-right National Rally (RN) party in the lead. However, the margin was smaller than initially projected. This development came as a relief to markets concerned about potential expansionary and unsustainable fiscal policies from a strongerContinue Reading
