Gold Slips Toward Two-Week Low on Easing Rate Cut Bets
Spot gold increased by 0.2% to $2,338.85 an ounce. Prices on Friday fell to $2,325.19. At $2,340.20, gold futures were up 0.3%.
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Spot gold increased by 0.2% to $2,338.85 an ounce. Prices on Friday fell to $2,325.19. At $2,340.20, gold futures were up 0.3%.
These are today's mortgage and refinance rates. Mortgage rates are relatively low this month, but they might not drop again until later in 2024 or 2025.
For the week, the Dow dropped 2.34%, the S&P edged up 0.03% and the Nasdaq gained 1.41%.
Nvidia soared a day after reporting earnings, but the rest of the market flailed as new data reinforced fears of interest rates staying high.
Primary catalysts for the recent moves in the equity markets have been a stronger than expected corporate earnings and cooler inflation.