Spot Gold Sets New All-Time High to $2,550/Ounce
Spot gold continued to rise, setting a new all-time high of $2,550 per ounce. Released earlier, the U.S. first jobless claims rose for the first time in three weeks, August PPI rose slightly more than expected. According to the CME “Fed Watch”, the market expects the Federal Reserve on September 19 to cut interest rates probability of 100%, of which the probability of a rate cut of 25BP 85%, the probability of a rate cut of 50BP 15%; the number of interest rate cuts during the year is expected to be 4 times.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 527.22 BTC transferred out from a certain exchange, routed through intermediaries, and flowed into BlackRock.
Bit Digital: Held over 150,000 Ethereum as of the end of November, valued at approximately $460 million