US EditionGold races to all-time high above $3,500 on US rate cut prospects
- Gold surged to an all-time high on Tuesday as markets responded to a weakening U.S. dollar, intensifying expectations of a Federal Reserve rate cut, and heightened investor concerns over the central banks independence.
- Expectations of a Federal Reserve rate cut in September remain elevated, with the CME FedWatch tool indicating a roughly 90% probability of a 25-basis-point cut.
- A softer U.S. dollar has made gold more appealing to foreign investors, further fueling the rally.
46 Articles
46 Articles
The price of gold does not stop rising and in today's day has been installed in new historical highs, surpassing the key barrier of the US$3,500 in the midst of speculations about the interest rate in the United States and the decline of the dollar. Specifically, the troy ounce is experiencing an increase of 0.88% and is listed in the US$ 3,516.The precious and active metal refuge par excellence and accumulates a jump of 32.47% in the year and 1…
Investors prefer yellow metal to the dollar, another traditional safe haven, especially in anticipation of a fall in US rates and in the face of Donald Trump's uncertain trade policy.
Gold rushes to record high above US$3,500 on US rate cut expectations
Gold sailed past US$3,500 per ounce to a record high on Tuesday (Sep 2), as a weaker dollar and mounting expectations of a United States Federal Reserve interest rate cut in September boosted the precious metal's appeal. Spot gold was up 0.3 per cent at US$3,487.55 per ounce as of 6.33am (2.33pm, Singapore
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