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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Gold News Gold Price Stability: Gold held around $2,450 per ounce on Thursday after a 1.6% climb in the previous session, staying close to record highs. Federal Reserve Impact: The Federal Reserve kept interest rates unchanged, suggesting a possible shift towards a less restrictive monetary policy due to cooling consumer prices and a weakening labor…
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Gold News Rate Hold Projection: The Federal Reserve is expected to keep the interest rate flat at 5.50%. Gold Prices Rise: Gold prices have increased for the second straight day, reaching $2,420 per ounce, up more than $40 from the previous day’s opening level of $2,377 per ounce. Market Expectations: The rise in gold prices…
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Gold News Support Factors: Anticipated interest-rate cuts in the U.S. and renewed interest from Western investors are expected to support gold prices. Demand Increase: Gold demand rose 4% year-on-year to 1,258 metric tons in the second quarter, the highest since 2000. Record Prices: Prices hit a record of $2,427 per troy ounce, with an average…
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Gold News Current Price: Gold rose above $2,400 per ounce on Monday but now the price is $2391 (SPOT GOLD) Rate Cut Expectations: Hopes for Federal Reserve rate cuts are driving gains, with markets fully pricing in a rate cut in September and two additional cuts by the end of the year. June PCE Reading:…
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Gold News Gold prices have risen but are expected to end the week with a modest loss due to profit-taking and negative sentiment in the commodities market. Futures are trading 0.7% higher at $2,369.80 per troy ounce after dropping in the previous session due to stronger-than-expected U.S. 2Q GDP data. Traders continue to anticipate that…
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Gold News Gold dropped to around $2,370 per ounce, the lowest in two weeks. Investors are cautious ahead of key US economic data. Key data includes Q2 GDP figures and June PCE price index report. Q2 GDP growth is expected to be 2%, up from 1.4% in Q1. PCE price index is forecasted to rise…
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Gold News Gold Prices: Gold prices rose by 0.2% to $2,413.63 per ounce, with U.S. gold futures gaining 0.3% to $2,414.40. Interest Rate Cuts: Market participants are assessing the timing and number of U.S. interest rate cuts, with expectations of two cuts in September and December. U.S. Economic Data: Upcoming U.S. GDP data and PCE…
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Gold News Gold prices are slightly down, trading at $2,395.00 per troy ounce. Investors are awaiting key U.S. data, including GDP for the second quarter and the PCE index, to gain insights into inflation and consumer spending. These data points are crucial for anticipating the Federal Reserve’s next monetary policy moves. The recent slight decline…
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