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- 🎯 To further enhance the user experience on Gate Square, we sincerely invite you to take part in our first User Experience Survey 👉 https://www.gate.com/questionnaire/7086
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👉 https://www.gate.com/announcements/articl - 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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USD Strength and Bond Yields: Will They Crush Gold's Uptrend?
Greetings, fellow traders and gold enthusiasts! Join Rena in exploring the gold price (XAU/USD) trend predictions for today!
Currently, gold is hovering around the $2,320 USD/ounce mark, following a dip triggered by China's announcement to halt its national gold reserve accumulation.
Today's trend might lean towards a decline due to the strength of the USD and elevated bond yields.
Jun 12
Comment:
According to Kitco, as of 5:00 AM Vietnam time today, the global spot gold price is trading at USD 2,316.52 per ounce, up USD 5.21 from yesterday's closing price.
8 hours ago
Comment:
The Fed is expected to raise interest rates in the coming period, curbing demand for gold due to the increased opportunity cost of holding gold. However, the extent and timing of the rate hikes will significantly impact gold prices.
（Source from: TV-Rena_Potter）