-+ 0.00%
-+ 0.00%
-+ 0.00%
Gold Nears Two-Month High Ahead of Wednesday's CPI Report
Share
Listen to the news
Gold pushed toward $4,450 an ounce Tuesday, its best level in about two months, as a stalled U.S.-Iran deal to reopen the Strait of Hormuz kept oil elevated and traders braced for a Wednesday inflation report that could decide whether a September Fed rate hike is really off the table. Silver pushed above $65 for a second straight session, extending its climb to a seven-week high. The rally traces back to Friday's jobs report, which showed the U.S. economy shed 23,000 positions in July. That knocked the market's odds of a September hike down to…
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending