Gold News – 18.Jul.2024

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.

Markets anticipate a 25 basis point rate cut in September.

Citi Research forecasts gold could reach $2,700-$3,000 and silver $38 within 6-12 months.

Other metals: silver up 0.2%, platinum steady, palladium up 0.4%.

Author : Arman Shaban
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