Fed Rate-Cut Bets Drive Gold to New Record Highs

Gold touches record on U.S.-China tensions and Fed rate-cut bets

Gold's momentum underpinned by U.S.-China frictions and bets the U.S. Federal Reserve will press on with monetary easing. Find out more

Fed rate-cut bets drive gold to new record highs

Gold hit a record high for the fourth straight session today, as investors flocked to the safe-haven metal on brewing US-China trade tensions and the US government shutdown, with bets on interest rate cuts fuelling the momentum.

Gold Climbs to Record on US-China Tensions and Fed Rate-Cut Bets

Gold rose to a record as heightened US-China frictions and bets that the Federal Reserve will press on with monetary easing supported demand.

Gold futures hit record Rs 1.32 lakh/10g amid global worries, Fed easing hopes

New Delhi: Gold prices surged by Rs 2,442 to touch an all-time high of Rs 1,32,294 per 10 grams in the domestic futures trade on Friday, driven by safe-haven demand as investors weighed deepening global economic uncertainties and expectations of monetary easing by the US Federal Reserve. On the Multi Commodity Exchange (MCX), the yellow metal futures for December delivery increased by Rs 2,442, or 1.88 per cent, to hit a lifetime high of Rs 1,32…

US Dollar Index Weakens Near 98.00 Amid US Shutdown and Fed Rate Cut Expectations

The dollar weakened for a fourth day running, hovering near 98.20 in Asia on Friday. This drop reflects investor unease stemming from the US government closure, alongside growing bets that the Fed will lower interest rates. All this is happening amidst difficulties resurfacing in relations between America and China. For three weeks, the U.S. government […] The post US Dollar Index Weakens Near 98.00 Amid US Shutdown and Fed Rate Cut Expectations…