Gold rallies to record high on softer dollar, rate-cut expectations
- Gold prices reached an all-time high due to a weakened dollar and expectations for a Federal Reserve interest-rate cut in September.
- Spot gold rose 1.7% to $2,498.72 per ounce, hitting a record of $2,500.99 earlier.
- U.S. gold futures traded 1.8% higher at $2,537.80, while the dollar index fell 0.4%, making gold more attractive for international buyers.
37 Articles
37 Articles
aletihad.ae
dailynewslb.comGold prices rose to a fresh record high on Tuesday on comments from Federal Reserve officials that reflected a more dovish bias in monetary policy. Spot gold was up 0.3 percent at $2,636.85 an ounce by 0507 GMT, after hitting a record $2,638.37 earlier in the session. It also hit an all-time high on Monday. U.S. gold futures gained 0.4 percent to $2,661.60 an ounce. Among other precious metals, spot silver rose 1.3 percent to $31.07 an ounce, pl…
Why gold prices just hit a new record
Three investors of the "Big Short" said they remained bullish on gold for the long-run.Srinophan69/Getty ImagesThe price of spot gold topped $2,500 per ounce on Friday, a new all-time high.The metal is rising on confidence that interest-rate cuts are imminent.The precious metal could eventually reach $2,900, one analyst projected.The price of spot gold climbed past $2,500 an ounce to a new record on Wednesday.The precious metal has rallied more …
Precious metal due for delivery in December increased 1.78%, at US$ 2,537.80 per troy ounce, and accumulated a gain of 2.48% during the week
Gold reached a new historic level on Friday, of $2,492.55 an ounce, reports AFP, quoted by News.ro. On Friday, around 13:30 GMT (16:30 Romanian time), the price of an ounce of gold increased by 1.27% to $2,488.10, after the publication of gloomy data on the construction of new homes in the United States. On Friday, the National Bank of Romania showed a rate of 358.61 lei/gram of gold, in insignificant decrease compared to the previous day.
The ounce of gold, a safe haven par excellence, broke a new record this afternoon after exceeding 2,500 dollars (2,274 euros) for the first time in its history in a context marked by optimism in the face of possible drops in interest rates in the United States (Fed) and geopolitical instability, according to market data. The precious metal reached 2,538.60 dollars (2,309.04 euros) during the day, although around 17.45 CET it was trading at 2,528…
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
