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Gold Rises to Three-Week High as US Data Bolsters Rate Cut Bets

Gold rose to the highest in more than three weeks after latest data showed ebbing inflation and weak retail sales, reinforcing expectations that the Federal Reserve will start cutting interest rates this year.


  • May 15 2024
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Gold Rises to Three-Week High as US Data Bolsters Rate Cut Bets
Gold Rises to Three-Week High as US Data Bolsters Rate Cut Bets
(Bloomberg) — Gold rose to the highest in more than three weeks after latest data showed ebbing inflation and weak retail sales, reinforcing expectations that the Federal Reserve will start cutting interest rates this year. Read More

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