- September 18, 2024
- By: Admin1_blog
- Precious Metal Market
Gold prices were flat on Wednesday as investors weighed chances of an outsized interest rate cut by the Federal Reserve later in the day.
Gold prices were flat on Wednesday as investors weighed chances of an outsized interest rate cut by the Federal Reserve later in the day.
Gold prices hovered near a record high on Tuesday, ahead of the anticipated start of the U.S. interest rate reduction cycle, which could see policymakers deliver an outsized cut.
Author : Ambar Warrick
Commodities
Investing.com– Gold prices rose in Asian trade on Thursday and remained in sight of record highs as traders bet that the yellow metal will still benefit from a lower interest rate environment. Gold prices rise, keep record highs in sight amid bets on smaller rate cut
Gold prices steadied on Wednesday, as investors keenly awaited the U.S. inflation data for hints on the size of the Federal Reserve’s potential interest rate cut next week.
Gold prices held their ground on Monday, as investors awaited the U.S. inflation report for further clues on the potential size of the Federal Reserve’s interest-rate cut.
Gold held below a one-week high on Friday and was on track for a weekly gain, as market participants focused on U.S. jobs data that could shape the size of an expected rate cut this month.
Gold prices slipped to their lowest level in nearly two weeks on Wednesday, extending declines to a fourth straight session as markets priced in smaller rate-cut bets for the U.S. Federal Reserve’s policy meeting this month.
Gold prices gained on Thursday, fueled by strong expectations of a Federal Reserve rate cut in September with investors focusing on U.S. inflation data for further insights on the potential size of the cut.
Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut.
Author : Ambar Warrick
Investing.com– Gold prices fell in Asian trade on Tuesday amid some pressure from a rebound in the dollar, although the prospect of lower interest rates and increased safe haven demand kept the yellow metal in sight of recent peaks.
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