Gold Price Hits New High on US Fed Rate Cut Buzz, Rallies 35% in YTD. Is It the Right Time to Buy Gold?

Weak U.S. dollar, Fed rate-cut hope boost gold, silver

Precious metals, gold and silver, surged in August due to weakening U.S. dollar and expectations of interest rate cut.

Volatile Markets: Rate Cuts, Political Uncertainty, and Rising Gold Prices

Volatile Markets: Rate Cuts, Political Uncertainty, and Rising Gold Prices Global financial markets displayed diverse reactions following the release of troubling U.S. labor data, which bolstered the likelihood of imminent interest rate cuts by the Federal Reserve. This potential monetary policy shift helped elevate stock markets, although the dollar experienced instability.Japan faced political turmoil with the resignation of Prime Minister Shi…

Gold price hits new high on US Fed rate cut buzz, rallies 35% in YTD. Is it the right time to buy gold?

Gold rate today: Gold rate today: Gold prices could surge to nearly $5,000 an ounce if the Federal Reserve’s independence were undermined, says Goldman Sachs

Gold Surges to Historic Highs Driven by Weak U.S. Labor Market and Interest Rate Cut Expectations

Gold prices in local markets saw a slight decline during Saturday’s trading, coinciding with the weekly closure of global exchanges. This followed the global gold ounce reaching an all-time high, achieving strong weekly gains of 4%, driven by weaker-than-expected U.S. labor market data, according to a report from the “iSAGHA” platform.