Gold holds firm after Fed’s bumper rate cut
Zero-yield bullion tends to be a preferred investment in a lower interest rate environment and during geopolitical turmoil. Traders are currently anticipating a 65% chance of a 25 bp reduction at Fed’s November meet and a 35% chance of a 50-bp cut, according to the CME FedWatch tool.
Gold Prices Push to New Records Following Rate Cut
Gold futures and shares both climbed to new record highs after the Fed rate cut. Gold remains a safe haven for money and can be seen as more attractive as interest rates drop. Global turmoil looks to continue to provide gold with upward momentum,
Experts are bullish on gold for October, despite some market uncertainty. Here's what investors should consider now.
Gold ( GC=F) hovered near record highs Thursday, supported by the Fed’s jumbo rate cut and a weakening dollar. Analysts ...
KARACHI: The local gold prices continued its uptrend to hit new highs on Thursday as the global bullion value bounced back, ...
The price of gold traded at $2,576.43 per troy ounce, as of 9 a.m. ET. That’s up 0.01% from yesterday’s gold price per ounce ...
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Gold prices in India declined for 3rd consecutive day after US Federal Reserve slashed interest rates by 50 basis points ...
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Grab This Gold Stock While It's CheapGold prices have been in focus this week amid the Fed's highly anticipated September interest rate decision, with the central ...
With gold prices at a record high, mining companies are back hunting for deals while trying to reassure investors that ...
Gold miners have over the past 10 years failed to increase their returns in line with soaring gold prices, but the situation ...
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