LONDON, 19 July 2024 - Expectations for US interest rates continue to determine short-term moves in the price of gold says BullionVault research chief Adrian Ash, quoted today by leading US financial news-site MarketWatch.
Because gold prices today dropped alongside bonds and stocks, "short term, this is just a retreat in the Fed rates-cut trade," says Adrian.
Read the full story at MarketWatch here:
Gold drops over 2% in 'typical' move after touching record highs this week