Gold prices were trading below record high levels on Wednesday after a rally fuelled by Western fund inflows and U.S. rate-cut optimism, as investors braced for minutes of the Federal Reserve’s latest meeting for clarity on the depth of cuts. Spot gold was up 0.1% at $2,517.08 per ounce, as of 0427 GMT, after hitting…
Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell’s speech for indications on how much the central bank will cut rates this year. Spot gold edged 0.2% higher to $2,500.08 per ounce by 0254 GMT, trading slightly below an all-time high of $2,509.65 hit…
Gold is steady in the early morning Asian session, but may edge lower in a possible technical correction after the front-month Comex gold contract for August delivery settled at a new record high overnight. But any losses are likely to be limited ahead of U.S. CPI data due out today. This data could be a…
Gold prices eased on Tuesday as profit-taking kicked in after bullion hit a more than one-week high, while market players awaited key U.S. inflation data that could provide further insight into the Federal Reserve’s next policy decision. Spot gold fell 0.4% to $2,462.19 per ounce by 0259 GMT, after hitting its highest level since Aug….
Gold prices will peak in the fourth quarter as investors focus on Fed cuts, while ETF inflows and central bank buying continue to provide support against a backdrop of geopolitical risk, according to Ewa Manthey, Commodities Strategist at ING. In the bank’s monthly update, Manthey noted that gold fell along with the global equities sell-off…
Prices of safe-haven gold were flat on Monday as some profit-taking partially offset support from U.S. recession jitters and rising expectations of a September rate cut from the Federal Reserve. Spot gold held its ground at $2,443.44 per ounce, as of 0335 GMT, after falling 1% earlier in the session. U.S. gold futures rose 0.7%…
