US EditionGold races to all-time high above $3,500 on US rate cut prospects
Gold prices hit a record $3,508 per ounce driven by a 32% year-to-date gain, fueled by expected Federal Reserve rate cuts, political concerns, and strong central bank demand.
- 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.
139 Articles
139 Articles
The Washington Hispanic
La Nación, Grupo NaciónThe price of gold on Tuesday exceeded the record of $3,500, in a sign that investors seek refuge against global economic uncertainty. Precious metal was quoted at $3,501.59 an ounce in the morning trade of Asian markets, above its previous record of 3,500.10 reached in April. Investors look for yellow metal against the prospect of a drop in interest rates in the United States and fear for the loss of independence of the US Federal Reserve (Fed).
The persistent international tensions have confirmed it as an unalterable safe haven: the golden ounce has crossed the symbolic threshold of $3,500 and could even exceed $4,000 before the end of the year.
ABC FOX Montana
Gold hits high, stocks retreat as investors seek safety
Stock markets fell and gold hit a record high Tuesday as investors fled to safe havens over concerns about US President Donald Trump's Federal Reserve fight, tariffs uncertainty and Europe's public finances.
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…
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