Gold Reaches New Record Amid ECB Rate Cuts and Strong U.S. Retail Sales - Kitco News

Jeremy Szafron, Anchor at Kitco News, provides a market update following the European Central Bank’s third rate cut of the year, which helped push gold futures to record highs. Szafron also discusses mixed U.S. jobless claims data and the downturn in Chinese stocks after lackluster economic stimulus. He highlights Hong Kong’s strategic move to become a global gold trading hub, offering insights into how these developments are shaping global markets and commodities.

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0:00 - Gold & ECB Cuts Rates
0:52 - US Jobless Claims Drop
1:40 - US Retail Sales Surge
2:35 - Philly Fed Manufacturing Data
3:20 - Chinese Stocks in Correction
4:10 - Gold Futures Steady, Silver Outperforms
5:15 - Hong Kong Aims to Be Global Gold Hub

#GoldFutures #GoldPrices #ECBrateCut #USJoblessClaims #RetailSales #ChinaStocks #SilverDemand #HongKongGoldHub #MarketCorrection #UraniumPrices #Commodities #EconomicSlowdown #PreciousMetals #Inflation #KitcoNews #JeremySzafron #GlobalMarkets #InvestmentNews #FinancialNews
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