Gold News Gold Prices: Gold prices remained stable at $2,639.45 per ounce, while US gold futures dipped 0.2% to $2,661.80. Factors Affecting Gold: A stronger dollar and rising bond yields have put pressure on gold, but geopolitical tensions (e.g., Hezbollah’s rocket fire at Haifa) are supporting its safe-haven appeal. Upcoming Data: Investors are awaiting the…
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Gold News Gold Prices: Eased below $2,650/oz, extending a pullback from record highs. US Labor Market: Strong data with 254K nonfarm payrolls in September (vs. 14K expected) and unemployment fell to 4.1%. Impact on Fed Policy: The strong labor data reduced the likelihood of aggressive rate cuts, alleviating concerns about a weakening labor market. Interest…
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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:…
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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…
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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…
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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…
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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.…
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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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