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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Gold News Gold is down about $80 from its all-time high due to a shift to the US dollar for safety amid market uncertainty. Prices hovered around $2,400 per ounce, falling 3.5% over the past three days. The decline follows a record high of $2,485 driven by speculation of Federal Reserve rate cuts. Gold has…
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Gold News Gold prices fell 1% to $2,420.51 per ounce but were on track for a fourth straight weekly gain, rising 0.4% for the week and hitting an all-time high of $2,483.60 on Wednesday. U.S. gold futures fell 1.34% to $2,423.40. The U.S. dollar inched higher by 0.1%, and 10-year Treasury yields also rose, putting…
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Gold News Gold prices rose 0.1% to $2,461.27 per ounce, nearing a record high, driven by expectations of a U.S. rate cut in September. U.S. gold futures increased by 0.2% to $2,465.00. Analysts predict gold could surpass $2,500 due to economic uncertainty and upcoming U.S. elections. Fed officials signal a shift toward looser monetary policy.…
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