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Gold prices react to US Fed rate cut
Gold breaks $2,600 barrier as Fed cut bets prolong historic run
Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the Middle East. Spot gold was up 1.3% at $2,
Gold Rises to Record After Fed Makes First Rate Cut Since 2020
Gold pulled back from a record high after Federal Reserve Chairman Jerome Powell signaled policymakers aren’t in a rush to aggressively lower interest rates following Wednesday’s half percentage point cut by the US central bank.
Gold flat after bumper Fed rate cut
* U.S. gold futures fell 0.6% to $2,582.70. * The U.S. dollar rose broadly, recovering from an earlier tumble caused by the Fed's rate-cut decision. A stronger dollar makes gold more expensive for other currency holders.
13m
Gold Surpasses Record High of $2,600
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 ...
58m
Post-rate cut bubble risks mean investors should buy bonds and gold, Bank of America says
With new easing cycle from the Fed kicking off, tech "bubble risks" are back, Bank of America strategist Michael Hartnett ...
Money Metals Exchange
1h
GOLD: The All-Weather Investment
That’s been proven accurate, as stocks are down, the dollar is stronger, and yields are rising... yet gold is soaring.
Mining
3h
Gold investors see gains in rate-cut era from ETFs, haven buying
Big banks also see gold gaining more ground. Goldman Sachs Group Inc. is forecasting prices to rise to $2,700 an ounce by ...
CoinDesk on MSN
7h
Bitcoin, Gold May Be Sensing Monetary Debasement as Records Beckon
With both assets leading the market, here's a closer look at the factors driving their remarkable performance.
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