US Dollar Surges Amid Growing Speculation of 50/50 Chance for Rate Cut in June

Monday, 8 April 2024, 08:04

The US dollar has gained momentum at the beginning of the week, driven by rising US Treasury yields. Market observers now assess the likelihood of a rate cut in June at 50/50, causing a surge in gold prices.
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US Dollar Surges Amid Growing Speculation of 50/50 Chance for Rate Cut in June

US Dollar and Gold Prices Movement

The US dollar has started the week with a strong performance, buoyed by higher US Treasury yields. The possibility of a rate cut in June is now estimated at 50/50, leading to significant movements in gold prices.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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