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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Could gold prices surge if interest rate expectations shift?
Description: Gold prices remain pressured at the lowest level in a week, after declining the most in a month the previous day. That's as the United States soft landing concerns underpin the US Dollar strength. The dollar, meanwhile, is ignoring softer US data while cheering the hawkish Fed. On top of that, downbeat concerns about China, one of the world’s gold consumers, are now also favoring the Gold sellers. On Money in the Market, Hongbin Jeong speaks to Priyanka Sachdeva, Senior Market Analyst at Phillip Nova, to find out more about gold price movements. See omnystudio.com/liste...