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Gold price tumbles after hitting two-week high amid Fed rate cut speculation - FXStreet
Gold price reversed its course and tumbled almost 1% after hitting a two-week high of $2477 following weaker-than-expected data from the United States (US).
By: FXStreet
- Aug 04 2024
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- Gold price drops to $2,420 after peaking at $2,477, down nearly 0.80%.
- US Nonfarm Payrolls for July miss expectations, unemployment rate rises to 4.3%.
- Treasury yields and USD… [+4041 chars]
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