In the past week, the price of gold reached a new all-time high, surpassing $2,685.00 per ounce. This increase has been driven by global uncertainties that have shaken financial markets, including tensions…
Tag: Gold
Gold hits record highs as half-point rate cut probability increases
Gold is touching more record highs today at $2,589 per ounce in spot trading. The bullish trend for gold continues as the probability of the Fed cutting rates by half a percentage…
Gold near record highs as Fed’s Powell hints at rate reductions
Gold prices are continuing their ascent, reaching record highs, driven by recent comments from Federal Reserve Chair Jerome Powell. His remarks have reinforced market expectations of an interest rate cut in September,…
Future gold price forecast: Will profit-taking continue amidst a weak dollar?
Gold (XAU/USD) prices have dropped sharply today, falling below $2400 to reach $2376 at the time of writing. The precious metal has faced significant selling pressure as profit-taking begins in an attempt…
Gold holds near $2,450 as fears of a ‘regional war’ in the Middle East at its highest
Gold’s moves come after a sharper-than-expected contraction in US manufacturing activity and an unexpectedly sharp rise in initial jobless claims to the highest level in more than a year, which in turn…
Rate cut expectations push gold prices higher
Gold prices surged to record highs on Wednesday due to increasing expectations of a US interest rate cut in September, following recent statements from Federal Reserve officials. Market participants anticipate a reduction…
Gold dips slightly after surge amid Fed rate cut speculation
Gold prices were slightly down today after surging past the $2,400 mark on Thursday. This surge followed the release of softer-than-expected US consumer inflation figures, which lifted bets for a September interest…
Gold rises driven by economic data and Fed cut expectations
Gold continued to push higher on the last day of the week and is well-positioned for its second consecutive weekly gain following the recent release of US economic data indicating a slowing…
Gold prices stabilise as market anticipates US inflation data and Fed
Gold remains steady as investors await today’s key market catalysts. The focal point is the much-anticipated US inflation report for May, set to be released later today, alongside the Federal Reserve’s policy…
Gold faces uncertainty ahead of Fed and CPI and amid political turmoil
Gold rebounded to a certain extent but could remain under pressure after a significant decline last week, influenced by robust US jobs data and reports that China’s central bank paused its gold…