Gold News Gold Price Movement: Gold eased towards $2,420 per ounce after nearly a 2% rise in the previous session. Geopolitical Influence: The metal’s safe-haven appeal is bolstered by escalating geopolitical tensions, particularly concerns about potential retaliatory strikes by Iran against Israel and a Ukrainian attack on Russia. Federal Reserve Expectations: Markets anticipate a Fed…
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Gold News Gold firmed up near $2,390 per ounce, recovering from previous losses. Driven by expectations of US interest rate cuts and recession fears. Weak US jobs report led traders to expect 105 basis points of rate cuts by year-end, with a September rate cut fully priced in. Lower interest rates increase gold’s appeal. Investors…
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Gold News Gold is down almost 4% from its August peak of $2,475 per ounce due to a changing economic landscape. On Tuesday, gold (XAU/USD) extended its decline, marking four consecutive days of negative performance. The stronger US dollar is contributing to gold’s weakness, as it becomes more expensive in international markets. Despite the decline,…
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Gold News Gold Price: Steadied around $2,410 per ounce on Tuesday after a decline of over 1% in the previous session. Safe-Haven Appeal: Gold’s upside bias remains due to its appeal as a safe-haven asset amid increased market risk aversion. Economic Concerns: Investors are evaluating the likelihood of a US recession following weak economic data…
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Gold News Gold’s price initially fell over 1% but rebounded to trade around $2,440 an ounce. Concerns about a deepening US economic slowdown and the Federal Reserve’s potential delay in rate cuts impacted equity markets. Concerns about a US recession and a potential dovish pivot by the Federal Reserve are influencing gold prices. US economic…
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Gold News Gold Price Stability: Gold held around $2,450 per ounce on Thursday after a 1.6% climb in the previous session, staying close to record highs. Federal Reserve Impact: The Federal Reserve kept interest rates unchanged, suggesting a possible shift towards a less restrictive monetary policy due to cooling consumer prices and a weakening labor…
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Gold News Rate Hold Projection: The Federal Reserve is expected to keep the interest rate flat at 5.50%. Gold Prices Rise: Gold prices have increased for the second straight day, reaching $2,420 per ounce, up more than $40 from the previous day’s opening level of $2,377 per ounce. Market Expectations: The rise in gold prices…
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Gold News Support Factors: Anticipated interest-rate cuts in the U.S. and renewed interest from Western investors are expected to support gold prices. Demand Increase: Gold demand rose 4% year-on-year to 1,258 metric tons in the second quarter, the highest since 2000. Record Prices: Prices hit a record of $2,427 per troy ounce, with an average…
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Gold News Current Price: Gold rose above $2,400 per ounce on Monday but now the price is $2391 (SPOT GOLD) Rate Cut Expectations: Hopes for Federal Reserve rate cuts are driving gains, with markets fully pricing in a rate cut in September and two additional cuts by the end of the year. June PCE Reading:…
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Gold News Gold prices have risen but are expected to end the week with a modest loss due to profit-taking and negative sentiment in the commodities market. Futures are trading 0.7% higher at $2,369.80 per troy ounce after dropping in the previous session due to stronger-than-expected U.S. 2Q GDP data. Traders continue to anticipate that…
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