Gold Edges Higher, Aided by Growing Fed Rate-Cut Bets — Market Talk
Gold edges higher in the early morning Asian session, aided by growing Fed rate-cut bets. Those expectations are being driven by data released overnight which showed the number of U.S. job openings sank in April to a more-than three-year low. The precious metal's bias leans toward upward movement amid strong expectations of the Fed cutting rate later this year, says Rania Gule, market analyst at XS.com, in a commentary. Traders may prefer to wait for key U.S. data releases this week, such as non-farm payrolls report due out Friday, Gule adds. Spot gold is up 0.1% at $2,328.22/oz.
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64.5¢ |
Change
-0.010(1.53%) |
Mkt cap ! $1.373B |
Open | High | Low | Value | Volume |
65.0¢ | 65.5¢ | 63.5¢ | $3.552M | 5.514M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 141270 | 64.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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64.5¢ | 58610 | 3 |
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No. | Vol. | Price($) |
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4 | 141270 | 0.640 |
8 | 168856 | 0.635 |
8 | 177057 | 0.630 |
5 | 195626 | 0.625 |
4 | 114446 | 0.620 |
Price($) | Vol. | No. |
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0.645 | 58610 | 3 |
0.650 | 186176 | 5 |
0.655 | 232614 | 5 |
0.660 | 198200 | 5 |
0.665 | 40050 | 1 |
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