Gold Hits New Record as ECB Cuts Rates and U.S. Retail Sales Surge - Kitco News

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18 Oct 2024

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Jeremy Szafron, Anchor at Kitco News, broke down the latest market updates, including the European Central Bank’s decision to cut rates for the third time this year, gold futures hitting record highs, and mixed signals from U.S. jobless claims data. Szafron also covered the downturn in Chinese stocks following underwhelming economic stimulus, while highlighting Hong Kong’s move to become a global hub for gold trading. Follow Jeremy Szafron on X: @JeremySzafron () Follow Kitco News on X: @KitcoNewsNOW () 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 #Commo

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