Gold Heads for Fourth Monthly Gain; Silver Hits Fresh Record High

Gold hits two-week high, set for fourth monthly gain

Shafaq News Spot gold prices climbed on Friday and were poised for a fourth straight monthly rise, bolstered by investor optimism that the Federal Reserve would cut interest rates in December, whil

Gold heads for fourth monthly gain; silver hits fresh record high

Gold prices climbed on Friday and were poised for a fourth straight monthly rise.

Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations

The dollar index (DXY00 ) on Friday fell to a 1.5-week low and finished down by -0.08%. The dollar gave up early gains last Friday and moved lower on increased chances that the Fed will cut interest rates at next month’s FOMC meeting. Swaps markets now discount an 83% chance...

Gold jumps, poised for fourth straight monthly gain

Spot gold added 0.8% to $4,189.61 per ounce, hitting its highest since November 14, and was set for a 3% weekly gain Gold prices jumped on Friday and were poised for a fourth straight monthly gain. Spot gold added 0.8% to $4,189.61 per ounce by 0303 GMT, hitting its highest since November 14, and was set for a 3% weekly gain. Bullion is set to register a 3.9% rise this month. U.S. gold futures for December delivery were up 0.5% at $4,221.30 per …

Gold on track for a fourth monthly gain amid growing Fed rate cut expectations

Gold (XAU/USD) edges higher on Friday after a bout of volatility sparked by the CME trading outage briefly dragged prices lower. At the time of writing, XAU/USD is trading around $4,209, with the metal on track to notch its fourth straight monthly gain.

Gold poised for fourth monthly gain on Fed rate cut optimism

Investors see 85% chance of a rate cut in December