US EditionRecord Rally to Continue! Gold price could hit $5,000 in 2026, says Bank of America as US Fed rate cut bets surge
5 Articles
5 Articles
Record Rally to Continue! Gold price could hit $5,000 in 2026, says Bank of America as US Fed rate cut bets surge
Gold prices rose to around $4,175 per ounce on November 25, boosted by expectations of a US Federal Reserve rate cut in December. BofA predicts gold could average $4,538 per ounce in 2026, with potential to reach $5,000 amid ongoing macroeconomic uncertainties.
Dubai Gold Prices Rise as Global Bullion Strengthens on Fed Rate-Cut Expectations
Dubai’s gold prices moved higher on Wednesday morning, with the 24K rate reaching Dh499.75 after several sessions of tight, range-bound trading. The 22K category also firmed to Dh462.75. The shift reflects renewed momentum in global bullion markets as traders raise expectations of an interest-rate cut at the US Federal Reserve’s December meeting. Narrow range through November The month has been defined by one of the tightest trading bands seen t…
Gold climbs on stalling inflation, weak spending, and Fed cut bets
Gold (XAU/USD) climbs over 0.14% on Tuesday after US economic data augmented speculation of a rate cut by the Federal Reserve (Fed) at the December 9-10 meeting. Also, falling US Treasury yields and a weaker US Dollar keep XAU/USD trading at $4,141 after hitting a daily low of $4,109.
Gold rises on U.S. rate cut hopes
Spot gold added 1.2% at $4,111.86 per ounce Gold prices rose more than 1% on Monday, supported by growing expectations of a U.S. central bank interest rate cut next month and ahead of the country’s new economic data for further clues on the monetary policy. Spot gold added 1.2% at $4,111.86 per ounce, by 1843 GMT. U.S. gold futures for December delivery settled 0.4% higher at $4,094.2 per ounce. The market is increasingly getting convinced that …
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