Gold News – 24.Sep.2024

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 the end of 2024.

Fed officials emphasized the need for further rate cuts to balance the economy, with Chicago Fed President Austan Goolsbee stating more cuts are likely in the next 12 months.

Geopolitical tensions in the Middle East, particularly between Israel and Hezbollah, are boosting demand for gold as a safe-haven asset.

Israel launched airstrikes against Hezbollah sites in Lebanon, causing significant casualties and displacement.

Other metals saw movement: silver rose 0.6% to $30.84, platinum gained 0.7%, and palladium fell slightly by 0.1%.

Author : Arman Shaban
To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :

– Public Telegram Channel
– YouTube Channel
– TradingView
– X (Twitter)
– How to join our FOREX VIP Channel ?
– How to join our Crypto VIP Channel ?
– CONTACT ME directly on Telegram