Gold rallies on rate cut expectations amid US economy slowdown

May 19, 2024

Spot gold rose on Friday despite US inflation data, anticipating rate cuts amid a weakening US economy. US CPI and PPI Final demand were below forecasts. US Fed Chair Powell remains optimistic about inflation. US Philadelphia Fed business outlook was below expectations. Fed officials hold varying views on rate adjustments.

More To Explore

Market Trading Guide: Tata Steel and Uno Minda are stock recommendations for Monday

Indian benchmark indices ended in the red on Thursday dragged by auto, IT and metal bank stocks. While Nifty closed at 22,397.20, down by 73.30

March 16, 2025

Fund Manager Talk: Indian IT to outpace global growth; SaaS, startups driving sectoral shift: Balakumar B

Technology spending is now essential, with Indian IT firms poised for continued growth despite cyclic slowdowns. HDFC Technology Fund adopts a bottom-up approach, balancing industry

March 16, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003