On Monday, gold rose and held steady as the attention of investors shifted to the Washington meeting between Trump, EU leaders and Zelenskiy on how to move the peace talks forward between Russia and Ukraine. Traders are also waiting for the outcome of the upcoming meeting of central bank leaders at Jackson Hole. Chairman Powell is expected to make his final address to this meeting on Friday.
Based on that data, market expectations for a rate cut dropped to 85% as traders foresaw a lower likelihood of a cut given the rising producer prices. A lot is therefore riding on the meeting at Jackson Hole and the one being hosted by Trump in Washington. Gold industry actors like Torr Metals Inc. (CVE: TMET) Will be watching these two meetings that could influence the trajectory of the price of gold in…
NOTE TO INVESTORS: The latest news and updates relating to Torr Metals Inc. (CVE: TMET) are available in the company’s newsroom at https://ibn.fm/TMET
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