US EditionGold holds near one-month high on weak dollar, Fed cut hopes - The Arabian Stories News
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The gold ended on this Saturday (29) inspired by greater demand for expensive metal in front of expectations for the Federal Reserve to cut interest rates at the September meeting. This week, the precious metal also received support from the environment of uncertainty about the independence of the American BC, after the debate between the president of the United States, Donald Trump, and the director of Fed Lisa Cook. The metal with win in Decem…
Gold holds near one-month high on weak dollar, Fed cut hopes - The Arabian Stories News
MUSCAT : Spot gold traded at $3,413.80 per ounce, holding close to the peak reached on July 23. U.S. gold futures for December delivery also rose, settling at $3,473.80. The precious metal has gained about 3.6 percent since the start of August. The rally followed a 0.4 percent dip in the dollar index during Wednesday’s session, making gold more attractive for investors holding other currencies. Markets are now widely anticipating a 25-basis-poin…
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