Gold skyrockets to record-high above $2,600 on Fed rate cut speculation
Gold surges to new all-time high above $2,600, fueled by expectations of further Fed rate cuts. Fed Governor Waller backs 50 bps rate cut; however, dissenting Fed member Michelle Bowman prefers a smaller cut to guard against declaring an early win on inflation.
That’s been proven accurate, as stocks are down, the dollar is stronger, and yields are rising... yet gold is soaring.
Spot gold was up 1.3 percent at $2,620.63 per ounce by 1:43 p.m. ET, while U.S. gold futures settled 1.2 percent higher to $2 ...
Gold ( GC=F) hovered near record highs Thursday, supported by the Fed’s jumbo rate cut and a weakening dollar. Analysts ...
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The Federal Reserve didn’t just cut interest rates at its September meeting. It cut BIG, opting for a 50-basis point move.
The yellow metal popped to a new record high of $2,600 on Wednesday before quickly falling back following the ...
Bitcoin has surged 7% in the past five days, breaking through $64,000 for the first time this month.Gold has hit all-time ...
Gold prices slipped from all-time highs on Wednesday, as the dollar and Treasury yields rose on the back of comments from ...
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