Gold News Gold reached around $2,680 per ounce, hitting record highs due to favorable conditions. A dovish outlook from major central banks and lower bond yields increased demand for gold. The Federal Reserve is expected to cut rates twice this year, with a 25-basis-point cut likely in November. The ECB is anticipated to cut rates,…
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Gold News Gold Prices: Gold is holding steady around $2,655 per ounce after a 1% gain in the previous session. Market Focus: Investors are assessing the Federal Reserve’s interest rate outlook after recent inflation data. US Economic Data: Producer prices in the US were steady in September, while jobless claims surged, raising doubts about the…
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Gold News Gold Price Surge: Gold surged to near $2,650 per ounce following a hotter-than-expected CPI report for September. Inflation Data Impact: September’s CPI rose 2.4% annually, beating expectations of 2.3%. Although it was lower than August’s 2.5%, it reignited inflation concerns, boosting demand for safe-haven assets like gold. Market Reaction: Gold prices increased by…
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Gold News Gold Prices: Gold prices remained stable at $2,639.45 per ounce, while US gold futures dipped 0.2% to $2,661.80. Factors Affecting Gold: A stronger dollar and rising bond yields have put pressure on gold, but geopolitical tensions (e.g., Hezbollah’s rocket fire at Haifa) are supporting its safe-haven appeal. Upcoming Data: Investors are awaiting the…
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Gold News Gold Prices: Eased below $2,650/oz, extending a pullback from record highs. US Labor Market: Strong data with 254K nonfarm payrolls in September (vs. 14K expected) and unemployment fell to 4.1%. Impact on Fed Policy: The strong labor data reduced the likelihood of aggressive rate cuts, alleviating concerns about a weakening labor market. Interest…
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Gold News Gold Price Movement: Gold is currently trading around $2,644 per ounce, slightly lower but still maintaining its safe-haven appeal amid the deepening Middle East crisis. Geopolitical Tensions: Iran launched a missile attack on Israel, which led to increased Israeli strikes across the region and a vow for retaliation against Iran. US Economic Impact:…
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Gold News Gold Price Movement: Gold rose more than 1.2% on Tuesday, reaching a high of $2,673, just $22 below the all-time record of $2,685 set on September 26. Geopolitical Influence: The surge in gold prices was driven by escalating Middle East tensions after Iran launched a surprise missile attack on Israel, hours after Israeli…
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Gold News Gold Price Movement: Gold rose towards $2,640 per ounce on Tuesday after falling for two consecutive sessions, driven by increased demand for safe-haven assets due to rising geopolitical risks in the Middle East. Geopolitical Tensions: Lebanese troops withdrew from the Israeli border, and an Israeli ground invasion is seen as imminent following the…
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Gold News Gold Price Update: Gold is trading at $2,645 per ounce, slightly lower due to a stronger U.S. dollar but still near recent record highs. Quarterly Performance: Gold is on track for its best quarter in over eight years, having risen over 14% this quarter and 6% in September alone. Market Drivers: The Federal…
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Gold News Gold Price: Gold remains near $2,670 per ounce, trading at record levels. Upcoming US PCE Report: Markets are awaiting the US PCE report for more clarity on the Federal Reserve’s monetary policy. Recent US Data: Market Expectations: Fed funds futures show a 49% chance of a 50 basis point rate cut in November.…
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