NEW YORK, June 25 (Reuters) - Gold rebounded from near seven-week lows Wednesday as traders squared up short positions, in a cautious mood before the Federal Reserve said after the COMEX close that it decided to trim U.S. interest rates a quarter percentage point. Morning news of a surprise 0.3 percent drop in U.S. durable goods orders in May burnished gold's appeal as a safe haven. Coming during the Fed talks, the disappointing data seemed to skew market expectations toward a tougher ...
Premium Content (PAID Subscription Required)
"NY gold up before rate cut, cautious Fed seen bearish" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642