Dubai: Gold Prices Near Record High, Set For Weekly Gains On Fed Rate-Cut Boost
Bullion rose to a record high of $2,599.92 on Wednesday after the Fed began its easing cycle with a half-percentage-point cut. The Fed also projected a further half-point reduction by year-end, a full point next year and an additional half-point trim in 2026.
Gold prices rise after bumper Fed rate cut; copper upbeat on China stimulus
Spot gold rose 0.3% to $2,593.31 an ounce, while gold futures expiring in December rose 0.2% to $2,618.40 an ounce by 00:43 ET (04:43 GMT). Safe haven demand for gold was also aided by worsening tensions in the Middle East, after Israel allegedly exploded electronic devices used by Hezbollah, drawing vows of retaliation.
Gold prices soar to unprecedented levels globally and in Pakistan, following the US Central Bank's interest rate cut.
Experts are bullish on gold for October, despite some market uncertainty. Here's what investors should consider now.
The Bank of Japan signaled an unwillingness to raise interest rates Friday, just months after the central bank raised its key ...
LONDON - Spot gold prices hit a record high on Friday as a weak dollar, expectations of more U.S. interest rate cuts and tensions in the Middle East more than offset muted physical demand in Asia.
The surge in gold prices is largely attributed to the US Federal Reserve's recent decision to cut interest rates. The Fed ...
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The gold price today in Kolkata is 6824 per gram for 22 karat gold and 7444 per gram for 24 karat gold. The Gold price today ...
The price of gold rose to a fresh record high of more than $2,609 on Friday as the prospect of fresh US interest rate cuts boosted demand for the precious metal.
Gold touched record high levels on Friday, surging above $2,600 mark after the Federal Reserve started easing with a jumbo ...
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