Gold News Gold consolidates near record highsSpot gold is sitting at about $3,534.88/oz, after touching an all-time intraday peak of $3,546.99 earlier in the session. Expectations of imminent Fed rate cuts are powering the rally. Rate-cut bets and trade tensions fueling demandInvestors are piling into gold amid growing belief in a Fed interest rate cut…
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Gold News Gold races to an all-time high above $3,500/ozSpot gold surged past the $3,500 mark, reaching a record price of $3,508.70/oz, driven by mounting expectations for a U.S. Federal Reserve rate cut, a weaker dollar, and global market uncertainty. Markets pricing in aggressive rate cutsA softer dollar hovering near a five-week low combined with…
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Gold News Gold holds steady near $3,390/ozSpot gold is trading around $3,390.27/oz, with futures at $3,447.40, as markets await U.S. PCE inflation data. Fed cues and rate-cut bets underpin supportThe market remains optimistic, pricing in an 88% probability of a 25‑bps rate cut, and traders are watching Fed signals closely. Profit-taking tempers recent rallyAfter hitting…
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Gold News Gold hits a 2‑week high Spot gold surged to $3,373 as the U.S. dollar weakened after President Trump fired Fed Governor Lisa Cook. • Safe-haven demand risingInvestors are piling into gold amid growing uncertainty over the Fed’s next moves. • Gold-backed cryptos join the rallyAssets like XAUT and PAXG gained ~0.23%, reflecting rising…
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Gold News 📉 Gold Market Update – Monday 🔹 Spot gold dipped to around \$3,260, marking its lowest level in a month 🔹 Key reasons for the decline: ▪️ Easing Middle East tensions – fragile ceasefire between Israel and Iran is holding ▪️ Progress in US trade negotiations with China, India, Mexico, and Vietnam 🔹…
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Gold News Gold surged above $3,100/oz, hitting a record high of $3,128.06 and is set for its strongest quarter since 1986. Spot gold rose 1.1% to $3,117.43, while U.S. gold futures hit $3,149.60. The rally is driven by inflation concerns from U.S. tariffs, central bank buying, and rate cut expectations. Gold has gained ~18% in…
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Gold News Gold prices rose over 1% today, reaching $3,052.97 per ounce, just below the all-time high of $3,057.21. The increase followed President Trump’s announcement of a 25% tariff on auto imports, which has added to global trade tensions and increased demand for gold as a safe-haven asset. The Federal Reserve kept interest rates unchanged…
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Gold News Gold Holds Near Record Highs: Spot gold initially dropped over 1% due to a stronger U.S. dollar but later recovered, trading at $2,795.29 per ounce (-0.2%) by 1005 GMT. U.S. gold futures were at $2,829.40 (-0.2%). Tariffs Fuel Safe-Haven Demand: Trump’s 25% tariffs on Mexico and Canada and 10% on Chinese goods sparked…
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Gold News Gold Hits All-Time High: Spot gold briefly touched $2,800 before stabilizing at $2,794.58 per ounce (0930 GMT). Prices rose 6% this month and 1% this week. Market Drivers: Gold surged as investors sought a safe-haven after U.S. President Donald Trump reiterated tariff threats on Mexico, Canada, and China. Central Bank Influence: Analysts see…
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Gold News Gold Prices Surge: Spot gold jumped 0.6% to $2,770.39 per ounce, reaching a three-month high of $2,777.10 earlier in the day. It’s set for a fourth straight weekly gain, up over 2% this week. Dollar Weakens: The dollar is down over 1% for the week, its worst weekly fall in two months, making…
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