Dubai: Gold Prices Near Record High, Set For Weekly Gains On Fed Rate-Cut Boost
Bullion rose to a record high of $2,599.92 on Wednesday after the Fed began its easing cycle with a half-percentage-point cut. The Fed also projected a further half-point reduction by year-end, a full point next year and an additional half-point trim in 2026.
With new easing cycle from the Fed kicking off, tech "bubble risks" are back, Bank of America strategist Michael Hartnett ...
That’s been proven accurate, as stocks are down, the dollar is stronger, and yields are rising... yet gold is soaring.
Bullion climbed as much as 0.5% to a high of $2,589.70 an ounce, extending last week’s 3.2% gain, ahead of the Fed’s Sept. 17-18 meeting that’s widely expected to result in a rate cut of at least ...
Spot gold was up 1.3 percent at $2,620.63 per ounce by 1:43 p.m. ET, while U.S. gold futures settled 1.2 percent higher to $2 ...
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Bitcoin, Gold May Be Sensing Monetary Debasement as Records BeckonWith both assets leading the market, here's a closer look at the factors driving their remarkable performance.
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