US EditionGold holds steady near record high on rate-cut bets, political uncertainty
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5 Articles
The price of gold rose this Thursday, approaching historic peaks, as the rising expectations of new interest rate cuts in the United States this year and political uncertainty over the controversial closure of the U.S. government fueled the demand for gold metal.Cano gold earned 0.3%, at $3,877,7 an ounce, at 4:11 a.m. CDMX time, below the historic peak touched on Wednesday from $3,895,09. Gold futures in the United States for delivery in Decemb…
Gold pauses ahead of push for new record high
GOLD prices remained stable on Thursday, trading close to the record peak reached a day earlier, as investors anticipated additional interest rate reductions from the Federal Reserve and monitored ongoing political turmoil in Washington. The precious metal traded at $3,862.07 per ounce just below Wednesday’s all-time high of $3,895.09. December futures contracts slipped 0.3% to $3,887.50, said Reuters. Market analysts pointed to disappointing em…
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