FXStreet·2 min read·medium
Gold gains momentum above $4,400 as softer US data dampens Fed hike odds
✦AI Summary
Gold prices have risen above $4,400 per ounce as market expectations for further Federal Reserve interest rate hikes decline. The precious metal is benefiting from softer US economic data.
Gold price (XAU/USD) edges higher to near $4,415 during the early Asian session on Tuesday. The precious metal extends its upside amid fading expectations for further US Federal Reserve (Fed) rate hikes. Traders will closely monitor the developments ... [2713 chars]
economybusiness
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