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…
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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…
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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.…
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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…
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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…
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Gold News Gold Prices: Gold steadied around $2,580 per ounce, hovering at record highs, supported by a weak US dollar. Federal Reserve Rate Cut Expectations: Investors are increasingly anticipating a 50-basis-point rate cut by the Fed this week, with a 67% probability, according to the CME’s FedWatch Tool. There’s a 33% chance of a 25-basis-point…
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Gold News Gold Prices: Reached an all-time high at $2,570.03, rising due to a weakening U.S. dollar and expectations of a potential reduction in U.S. interest rates. Weekly Performance: Gold has gained about 3% this week; palladium is up 15% so far this week. U.S. Dollar: Fell to a one-week low, making gold cheaper for…
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Gold News Gold held steady around $2,520 per ounce as markets awaited the US inflation report. The recent US jobs report showed mixed results: fewer jobs were added, but the unemployment rate dropped slightly. US inflation is expected to slow to 2.6% in August, down from 2.9% in July, with the monthly rate steady at…
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Gold News CPI Report: The Consumer Price Index (CPI) report, expected to show a decrease in inflation to 2.6% in August from 2.9% in July, is the major focus this week. Anything below 2.6% would be positive news for the Federal Reserve. (Wednesday) Gold Prices: Gold (XAUUSD) prices remained flat on Tuesday after a stagnant…
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Gold News Gold Prices: Gold held steady near $2,500 per ounce as the market speculated on the Federal Reserve’s upcoming interest rate decision. US Jobs Report: The US added fewer jobs than expected, with downward revisions for June and July, though the unemployment rate dropped to 4.2%, and wage growth exceeded expectations at 0.4%. Fed’s…
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