Gold Prices Rise Amid Weaker US Economic Data and Rate Cut Speculation
Gold prices inched higher on Thursday following softer-than-expected U.S. economic data, raising hopes that the Federal Reserve might cut interest rates as early as September.
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Gold prices inched higher on Thursday following softer-than-expected U.S. economic data, raising hopes that the Federal Reserve might cut interest rates as early as September.
Global stocks rallied on Thursday following indications from the Federal Reserve suggesting a dovish stance amidst inflation concerns.