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Editors’ Picks
Gold flirts with record highs near $2,150, more upside most likely?
Gold rate is sitting at its life time high near $2,150, waiting for fresh drivers for the next directional inspiration. Gold purchasers keep control amidst continual weak point in the United States Dollar and the United States Treasury bond yields, in the face of increased bets for a United States Fed rate of interest cut in June.
Chair Powell: Status quo
Wall Street mirrored the favorable momentum in international equities, with significant U.S. stock indexes signing up gains. The U.S. Treasury yield likewise dipped to a one-month low following Fed Chair Jerome Powell’s remarks, which assured financiers concerning the trajectory of rates of interest in the middle of sticking around inflation issues.