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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Gold News Gold rose to $2,442 per ounce on Monday as investors shifted their focus to upcoming US inflation data this week for clues on the Federal Reserve’s monetary policy path. Expectations of a Fed rate cut in September remain, though market opinions are divided following positive US job data, which eased recession concerns. Gold’s…
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Gold News Gold Price Movement: Gold eased towards $2,420 per ounce after nearly a 2% rise in the previous session. Geopolitical Influence: The metal’s safe-haven appeal is bolstered by escalating geopolitical tensions, particularly concerns about potential retaliatory strikes by Iran against Israel and a Ukrainian attack on Russia. Federal Reserve Expectations: Markets anticipate a Fed…
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Gold News Gold firmed up near $2,390 per ounce, recovering from previous losses. Driven by expectations of US interest rate cuts and recession fears. Weak US jobs report led traders to expect 105 basis points of rate cuts by year-end, with a September rate cut fully priced in. Lower interest rates increase gold’s appeal. Investors…
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Gold News Gold is down almost 4% from its August peak of $2,475 per ounce due to a changing economic landscape. On Tuesday, gold (XAU/USD) extended its decline, marking four consecutive days of negative performance. The stronger US dollar is contributing to gold’s weakness, as it becomes more expensive in international markets. Despite the decline,…
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Gold News Gold Price: Steadied around $2,410 per ounce on Tuesday after a decline of over 1% in the previous session. Safe-Haven Appeal: Gold’s upside bias remains due to its appeal as a safe-haven asset amid increased market risk aversion. Economic Concerns: Investors are evaluating the likelihood of a US recession following weak economic data…
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Gold News Gold’s price initially fell over 1% but rebounded to trade around $2,440 an ounce. Concerns about a deepening US economic slowdown and the Federal Reserve’s potential delay in rate cuts impacted equity markets. Concerns about a US recession and a potential dovish pivot by the Federal Reserve are influencing gold prices. US economic…
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