Gold shining on US rate cut

Quick Summary:

PETALING JAYA: Gold prices have the potential to rise with indications of a US Federal Reserve (Fed) interest rate cut in September.

Gold prices are expected to climb to US$2,500 per ounce by the end of 2024, according to JP Morgan Research.

The coefficient of correlation between gold prices and the 10-year US Treasury yield.“If the rate cut thesis does not materialise, it would severely impact gold prices.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndiaUkraine

Topics: Prices Ounce Us$2 News Demand Research Gold Interest Rate Market September

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 00:00:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 962 words

Reading Time: 6 minutes read

Sentences: 36 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21813055

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 23 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 49 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions