Gold hit a record high above $2,600 per ounce on Friday, as the prospect of more U.S. interest rate cuts and global geo-political uncertainty boosted its appeal.
Gold prices climbed after the Fed’s rate decision, with after-hours gold futures and SPDR Gold shares both higher from being flat before confirmation of the cut.
Gold futures and gold ETFs are down, with investors backing off ahead of the Federal Reserve decision Wednesday. A cut of either 25 basis points or 50 basis points is expected. The anticipation lifted ...
2024 has been a strong year for the gold spot price, which has broken through multiple fresh levels throughout the year on fears of a looming US recession, the promise of Fed rate cuts on the horizon ...
Gold futures were rising 0.1% to $2,526.40 a troy ounce, and are significantly up on-week and on-year. The precious metal's upward rally is just getting started, with the most anticipated U.S.
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