The increase in the global price of gold today, July 4; $2,324 and 36 cents per ounce
The price of gold per ounce increased by 0.2% to $2,324 and 36 cents today.
reported Mehr Reporter The price of gold per ounce increased by 0.2% to $2,324 and 36 cents today. Based on this, the yield on the 10-year US Treasury index fell to 4.2496%, making zero-yield bullion more attractive to investors.
US business activity hit a 26-month high in June amid a rise in employment. Last week’s data showed that claims for unemployment benefits in the United States fell on average.
Traders will look to the Personal Consumption Expenditure Price Index report due out on Friday for further clues on the timing and scale of rate cuts. Investors are also waiting for comments from Federal Reserve officials.
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