Today's webinar topic: Gold

[dan_s]

Gold advanced past $2,370 per ounce threshold on Wednesday to its highest in nearly a month, as the latest economic data from the US strengthened the odds of several interest rate cuts by the Fed this year. The US headline and core annual inflation rates both slowed in April, reigniting hopes for the gradual retreat in price pressures. Furthermore, retail sales were flat in the month, defying market forecast of a rise and indicating some easing in consumer demand. Investors are now pricing in an around 72% chance of a Fed rate reduction in September compared to 65% seen a day earlier. Lower interest rates boost the appeal for non-yielding gold.

The webinar starts at 9AM CT.