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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Gold News Gold Price: Gold held near $2,500 per ounce as investors await the US jobs report for insights on potential Federal Reserve interest rate cuts. JOLTS Data: Wednesday’s JOLTS report showed a significant drop in job openings to 2021 lows, suggesting a slowing labor market. Interest Rate Expectations: The weaker labor market data has…
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Gold News Gold Prices: Gold held steady at $2,493.34 per ounce on Wednesday, following a recent drop. U.S. gold futures were almost unchanged at $2,524.80. Upcoming Economic Reports: Investors are focusing on the upcoming U.S. payrolls report, expected to show a rise of 165,000 jobs in August. Job openings data on Wednesday and employment reports…
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Gold News Gold Price Movement: Gold eased below $2,510 per ounce on Tuesday, despite strong expectations of US rate cuts and rising geopolitical risks. US Rate Cut Expectations: Federal Reserve Chair Jerome Powell confirmed a rate cut for September, with the Fed preparing to lower rates as inflation nears its 2% target and concerns about…
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Gold News Gold Price: Gold is currently trading around $2,525 per ounce, near record levels, due to expectations of an interest rate cut in September. Federal Reserve Stance: Jerome Powell indicated that the Fed is ready to adjust rates based on future economic data, noting reduced inflation risks but increased job market risks. FOMC Confidence:…
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Gold News Gold Hits Record High: Gold prices surged to a new record high of $2,530 per ounce on Tuesday, before settling near $2,515 on Wednesday. Interest Rate Cut Expectations: Optimism surrounding potential interest rate cuts by the US Federal Reserve, expected in September, is driving gold prices higher. Markets anticipate a cut between 25…
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Gold News Gold Hits Record High: Gold rose above $2,520 per ounce on Tuesday, setting a new record high. Less-Restrictive Monetary Policies: Expectations of less-restrictive monetary policies by major central banks are driving the demand for safe-haven assets like gold. US Fed Rate Cut Expectations: Continued disinflation in the US has raised expectations of 100…
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Gold News Gold Hits Record High: Gold prices surged past $2,500 per ounce for the first time ever, closing at $2,510 with a 2.3% gain. Rate Cut Expectations: Traders are increasingly betting on interest rate cuts by the Federal Reserve, which is driving up gold prices. Economic Data: Positive US economic reports, including strong retail…
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Gold News Gold rose to $2,468 per ounce on Friday, continuing its upward trend and on track to post a weekly gain after a previous decline. The metal’s appeal as a safe-haven asset remains strong amid rising Middle East tensions, particularly concerns about potential Iranian retaliation against Israel. Strong US economic data, including unexpectedly high…
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Gold News Gold rose above $2,450 per ounce after a decline, as investors analyzed US CPI data. US inflation eased to 2.9% in July, below the 3% forecast, with the core rate at a three-year low of 3.2%. Markets expect the Fed to lower rates in September, but rising monthly inflation dampened hopes for a…
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