News outlets reported that a 50 bps Fed rate cut next week was a close call. Gold traders cheered the likelihood of an aggressive policy easing. The likelihood of a 50 bps September Fed rate cut increased to 45%. The gold price analysis indicates a sudden surge in bullish momentum as the yellow metal benefits…
The post Gold Price Analysis: Eying $2,600 Amid Probable 50-bps Cut appeared first on Forex Crunch.
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