Gold and silver futures on track to finish at two-week highs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2024
0mins
Source: MarketWatch
- Gold and silver futures climb: Prices for both metals are on the rise, heading towards their highest settlements in two weeks.
- Factors driving the increase: U.S. economic data has raised prospects for Federal Reserve interest-rate cuts later this year.
- Market speculation on rate cuts: While Fed officials lean towards a single cut, there is speculation of two cuts due to slowing inflation and cooling economic conditions.
- Traders' vigilance: Traders are closely monitoring the situation, waiting for more definitive actions from the Federal Reserve.
- Expert commentary: Joseph Dahrieh, managing principal at Tickmill, highlights the impact of factors like inflation and economic conditions on the market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
