Fear about slowing growth and the prospect of lower interest rates have pushed the price of gold higher, but analysts say it may be nearing the top of its run for now.
Gold has been moving higher since early May on fears that multiple trade wars would bite into economic growth and on expectations the Fed would cut interest rates.Gold futures for August were higher by more than $5 to $1,334 per ounce Wednesday afternoon, and are up 5% since the beginning of May.Fear about slowing growth and the prospect of lower interest rates have been pushing the price of gold higher.
On Wednesday, the dollar was higher and Treasury yields were lower. Stocks were also higher, both on expectations the Fed would cut interest rates and hopes the U.S. would not slap tariffs on all Mexican goods next week, as threatened by President Donald Trump.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Asian countries fear China but many won't side with AmericaMost Asian countries hate the idea of taking sides, despite widespread misgivings about China’s intentions
Baca lebih lajut »
People Are Sharing The Weird Things Their Families Do That They Used To Think Were Normal, And You Will Have Literal Tears'If you took a bite of food that was too hot, the rest of the family would blow in your mouth until it cooled off.'
Baca lebih lajut »
US tornadoes stretch into PennsylvaniaAfter several quiet years, tornadoes have erupted in the US over the last two weeks as a volatile mix of warm, moist air from the southeast and persistent cold from the Rockies clashed and stalled over the Midwest.
Baca lebih lajut »
Bernie's biggest hurdle: His fellow senior citizens"Sanders needs to find a way to connect with longer established Democratic voters, and that’s older voters," says one supporter.
Baca lebih lajut »
Cardi B Has Defended Her Decision To Get Plastic Surgery After People Said She Was Lazy'My job as an entertainer is a 24 hour job so no, I don't have time to work out.'
Baca lebih lajut »