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The Oil & Gas Journal, first published in 1902, is the world's most widely read petroleum industry publication. OGJ delivers international oil and gas industry news; analysis of issues and events; practical technology for design, operation, and maintenance of oil and gas operations; and important statistics on energy markets and industry activity.

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Renewed Recession Fears Can Push Gold Prices Upward

By: ETF Trends

August 08, 2024 at 08:53 AM EDT

While the anticipation of the first interest rate cut is building, so are recession fears. That could add another catalyst for higher gold prices as forthcoming economic data could hint at slower growth. Economists at global investment firm Goldman Sachs are forecasting that the likelihood of a recession is 25%, which presents limited risk. Still, [...] The post Renewed Recession Fears Can Push Gold Prices Upward appeared first on ETF Trends .