Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Gold Prices React to Geopolitical Concerns and Fed Comments

Today's markets analysis on behalf of Joseph Dahrieh, Managing Principal at Tickmill


May 20, 2024 ( Newswire) Gold prices were volatile today as traders reacted to the death of the Iranian president at a time when geopolitical risks remain high in the Middle East. Concerns about escalations in the conflict in Eastern Europe could also support the yellow metal. Furthermore, sustained interest from Chinese investors and the Chinese central bank could continue to limit downside risks for gold prices although price corrections could occur as the asset hits a peak. Gold could continue to benefit from growing speculation that the Federal Reserve may cut interest rates following the release of recent economic data. Last week’s reports showed a slowdown in US consumer inflation and stagnant retail sales, which could give the Fed more room to initiate monetary easing. Lower rates could enhance the appeal of non-yielding assets like gold. All eyes are now on insights from Federal Reserve officials speaking throughout this week. Gold could come under pressure if the Fed’s narrative continues to point towards maintaining high rates for longer. Fed Governor Michelle Bowman reiterated that inflation is expected to fall with steady rates, though she is open to hikes if progress stalls.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More

Gold Mining Stocks - Gold Mining Stocks Directory, Gold Stocks News, Research and Resources

Investing ideas in gold and mining stocks

Like Gold Stocks? View our Gold / Mining Stocks Directory

Get News on Mining Stocks