Gold Analysis July 2 – Gold surged close to $2,120 during Wednesday's US session after the United States released ADP payrolls and Manufacturing PMI data that came in weaker than expected. Furthermore, Fed Governor Kevin Warsh stated that inflation expectations have eased over the past month. Today, investors shift their focus to the Non-Farm Payrolls (NFP) data, scheduled for release at 19:30 Hanoi time.
During the European Central Bank’s annual forum in Portugal on Wednesday, Mr. Warsh noted that inflation expectations had decreased over the last month. He also reiterated the Federal Reserve's commitment to restoring price stability, reinforcing expectations that policymakers are in no rush to raise interest rates. This less hawkish stance from Fed officials provided some support for gold prices.
Read more : blog ngoại hối - https://blogngoaihoi (.)co/
During the European Central Bank’s annual forum in Portugal on Wednesday, Mr. Warsh noted that inflation expectations had decreased over the last month. He also reiterated the Federal Reserve's commitment to restoring price stability, reinforcing expectations that policymakers are in no rush to raise interest rates. This less hawkish stance from Fed officials provided some support for gold prices.
Read more : blog ngoại hối - https://blogngoaihoi (.)co/
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