Gold prices hit another record high in Asia on Tuesday, reaching $3,749.27 per ounce. This increase occurred despite several Fed officials making cautious statements regarding the direction of monetary policy. Investors remain focused on the interest rate cut cycle that began last week, after the US central bank cut rates by 25 basis points. Investor…
Gold prices edged up on Friday and are poised to post a fifth consecutive weekly gain after the Fed’s first interest rate cut of the year. Spot gold rose 0.2% to $3,650.89/oz (08:17 GMT), while December futures rose 0.1% to $3,683.40; on a weekly basis, bullion is up 0.2%. The main driver remains the Fed’s…
Gold held near a record as traders geared up for an anticipated easing of the US Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year. Bullion traded near $3,640 an ounce, after gaining for four consecutive weeks. Traders see a quarter-point cut this week amid signs of labor market weakness, and…
Global gold prices continue to strengthen, approaching $3,650 per ounce and heading for a fourth weekly gain, driven by large inflows into bullion-backed ETFs. This rally comes amid expectations that the Federal Reserve is ready to cut US interest rates after consumer inflation data matched expectations and the labor market weakened. Silver also strengthened to…
Gold held steady just below its record, around $3,645/oz, after an unexpected decline in US producer prices (PPI) fueled hopes of Fed policy easing. The market now awaits the release of US CPI data Thursday evening (WIB) for confirmation of the next direction. Current market expectations price a 25 bps price cut at the Fed’s…
Gold held near its latest record reached on Monday, with its rally stoked by a surge in bets for a wave of Federal Reserve rate cuts this year. Bullion was little changed in early Asian trading, trading at around $10 short of its latest peak of $3,646.46 an ounce. It climbed 2.5% in the previous…
