According to news from CoinWorld, due to the weakening of the dollar and the rising expectations that the Fed may continue to cut interest rates later this year, gold prices rose on Monday, refreshing record highs once again. According to data from CME FedWatch, traders currently expect a 90% chance of a Fed rate cut in October and about a 65% chance of a rate cut in December. Investors are waiting for U.S. job openings, private employment data, ISM Manufacturing PMI, and Friday's non-farm payroll report to seek further clues about the health of the economy.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)