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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.
Mining
1h
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 ...
FXEmpire.com
1d
Gold (XAU) Price Forecast: Could ECB and Fed Rate Cuts Propel Gold Higher?
Analysts predict
gold
prices may hold around $2,500 per ounce as the
Fed
prepares for its September
rate
decision. Traders await U.S. PPI, jobless claims, and sentiment data for further clues on ...
CoinDesk on MSN
5h
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.
1d
Gold Price Outlook: How Fed's 50 Bps Rate Cut Will Drive 22K, 24K, 18K Yellow Metal In Coming Days?
In light of the progress on inflation and the balance of risks, the Fed decided to lower the target range for the federal ...
1d
on MSN
The Fed's rate decision shows its focus has shifted from inflation to the labor market
"The Fed is more worried about the labor market and less concerned about inflation at this point," a Glenmede analyst said.
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