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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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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