Gold Prices React to Global PMIs and Rate Worries, US Shares Up Despite Uncertainty
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#50bb159c ver:1.16

Gold prices dropped after strong PMI data dampened hopes of Federal Reserve rate cuts, leading to a bearish reversal in gold and Wall Street. The decline in rate-cut hopes and potential for firmer growth and inflation negatively impacted market sentiment. Despite disappointing US home sale data, gold prices continue to face selling pressure and remain under the influence of the Federal Reserve's monetary policy decisions. Major share markets were flat to down as uncertainty returned around the timing of interest rate cuts. Oil and metal prices fell, but the iron ore price rose. Gold prices jumped as U.S. ISM manufacturing fell to 48.7, and market experts predict a gold price recovery. #Gold #PMI #FederalReserve #WallStreet #InterestRates #Inflation #Shares #Oil #IronOre...

#newstr #Gold #Silver #Commodities #Preciousmetals #Investing 

 https://here.news/story/50bb159c?ver=1.16