US Edition7 Articles
7 Articles
New Strait Times
Gold poised for monthly gain on soft dollar, US rate-cut hopes
NEW YORK: Gold prices were on track for a monthly rise on Friday after striking a more than one-month peak in the previous session, supported by an overall softer dollar and increased expectations for a US Federal Reserve interest rate cut in September. © New Straits Times Press (M) Bhd
The price of gold rose on Thursday, reaching its highest level in five weeks. It was supported by the weakening dollar, as well as renewed interest in safe-haven assets by investors after the US president's latest attacks on the central bank. The report comes from Reuters. The spot price of gold reached $3,410.82 (€2,921.22) per troy ounce by 4:12 p.m. local time. This is an increase of 0.4 percent compared to the close of the previous trading s…
Gold Futures Rise on Dollar Weakness and Rate Cut Hopes
Gold futures climbed higher on Thursday as investors reacted to a weaker U.S. dollar, safe-haven demand, and growing expectations of a U.S. interest rate cut in September. The rise in gold futures signals renewed market confidence in bullion as an attractive asset when monetary policy loosens and uncertainty in financial markets lingers. Gains Driven by Dollar Weakness Gold futures rose 0.4% to $3,461.10 a troy ounce by late morning in Europe. A…
Investors are once again looking for "safe havens" in the markets
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