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:…
Read more
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…
Read more
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…
Read more
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…
Read more
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.…
Read more
Gold News Gold prices extended their record run on Wednesday, briefly hitting $2,670 per ounce before pulling back below $2,660. Lower interest rates, following the Federal Reserve’s rate cut last week, and escalating tensions in the Middle East contributed to gold’s price surge. The Middle East tensions, specifically Israel’s attack on Hezbollah targets, boosted gold’s…
Read more
Gold News Gold prices steadied near $2,627.43 per ounce on Tuesday after reaching a record high of $2,635.29 the previous day. U.S. gold futures remained nearly unchanged at $2,652.50. Gold prices are supported by dovish comments from U.S. Federal Reserve officials, who hinted at more rate cuts, with 75 basis points of cuts expected by…
Read more
Gold News Gold reached a record high of $2,630.93, with spot gold up 0.2% at $2,628.25, driven by the Federal Reserve’s interest rate cuts and geopolitical risks in the Middle East. Gold has increased over 27% this year, aiming for its largest annual rise since 2010. U.S. gold futures also rose by 0.3% to $2,653.00.…
Read more
Gold News Gold traded at a new all-time high of around $2,606 per ounce on Friday, as markets continued to assess monetary policy decisions from major central banks while rising geopolitical risks supported demand for safe-haven assets. The Fed made its first interest rate cut since 2020, reducing the rate by 50 basis points, with…
Read more
Gold News Gold (XAUUSD) hit a new record high of $2,600 per ounce after the Federal Reserve’s interest rate cut, but quickly dropped to $2,555, erasing its intraday gains. Despite the brief dip, gold remains in a bull market, with over 25% gains this year, outperforming the S&P 500. The Federal Reserve cut interest rates…
Read more
