Gold Price Registers Uptick As Softer American Data Raises Rate Cut Possibility

6/24/2024 2:16:22 PM

(MENAFN- Investor Brand Network) Recently released
economic data
from the United States indicates that consumer spending may be constrained at the moment. This comes after the U.S. Department of Commerce released a report showing that last month's
retail sales
improved in comparison to data from April.

The report has facilitated an increase in the price of gold and led many to speculate that the Fed may soon reduce interest rates, after it stated in the...

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