Sep 20 2024, 06:50 Gold steadied near a record high, with markets assessing healthy US jobs data released a day after the Federal Reserve kicked off its monetary-easing cycle with a 50-basis-point cut. Bullion was on track for small weekly gain after closing 1.1% higher on Thursday, following a report that showed a slide in jobless…
Sep 19 2024, 06:55 Gold was steady following a tumultuous session in which it touched a record high after the Federal Reserve cut rates by 50 basis points, before retreating as Chair Jerome Powell signaled policymakers aren’t in a rush to ease aggressively. Bullion traded near $2,560 an ounce, after slipping 0.4% on Wednesday. While the…
Sep 18 2024, 07:02 Gold edged higher after slipping from a record high on Monday ahead of the Federal Reserve’s long-awaited pivot to lower borrowing costs. Bullion traded near $2,570 an ounce, after falling 0.5% in the previous session following a report that showed and increase in US retail sales. The data did little to resolve the…
Sep 17 2024, 06:38 Gold held near a record high, as traders’ uncertainty about the Federal Reserve’s interest-rate decision is the highest since 2007. Bullion was near $2,580 an ounce in early Asia hours ahead of the Fed’s Sept. 17-18 gathering. Whether policymakers will cut interest rates by a quarter-point or a half-point is considered a tossup in…
Sep 16 2024, 10:35 Gold hit a record as markets waited for the Federal Reserve to begin easing monetary policy for the first time in more than four years. Bullion climbed as much as 0.4% to a high of $2,589.03 an ounce in Asia hours, following its 3.2% gain last week, ahead of the Fed’s Sept….
Sep 14 2024, 02:10 Gold prices powered higher on Friday, beating record levels, as a boost in bullish momentum fuelled by optimism that the U.S. Federal Reserve is on the brink of trimming interest rates was catalysed by fund inflows and a drop in the dollar. Spot gold was trading at record levels, up 0.9%…
