Gold Hits New All-Time High of $2,546: What’s Driving the Surge?
WEBConclusion. Gold’s new record high of $2,546, along with its breakthrough of key resistance levels and the reaction to the PPI report, underscores its continued importance as a safe-haven asset ...
Gold hits all-time high as Fed rate-cut hopes bolster appeal
WEB1 day ago · Gold prices rose more than 1% to hit a record high on Thursday, helped by expectations of an interest rate cut by the Federal Reserve next week after U.S. data signalled a slowing of the economy.
Rate-Cut Optimism Has Gold Prices at a Record High - Investopedia
WEB1 day ago · As the European Central Bank (ECB) cut its benchmark rate for the second time in three months, the spot price of gold rose as high as $2,567 per troy ounce, up 1.5% from Wednesday. It marked the ...
Gold Rises to Another Record High Ahead of Expected Fed Rate Cut
WEB1 day ago · Sybilla Gross. Thu, Sep 12, 2024, 9:36 PM 2 min read. (Bloomberg) -- Gold rose to another record high — after surging almost 2% to an all-time peak on Thursday — as the dollar extended ...
Gold marks fresh record high as inflation data 'set the stage' for …
WEB1 day ago · Gold for December delivery (GC00) (GCZ24) traded as high as $2,583 an ounce on Comex, topping the previous intraday record high of $2,570.40 from Aug. 20, according to Dow Jones Market Data. The ...
The price of gold is at a record high. Here's why | AP News
WEBAug 21, 2024 · The precious metal hit an all time high this week. The spot price for gold closed Tuesday above $2,514, according to data from FactSet. That’s the highest closing price recorded for the commodity to date.
Gold price driven to record high by bets on Fed rate cuts and …
WEBJul 16, 2024 · Gold prices surged to a record high on Tuesday as growing prospects of a series of Federal Reserve interest rate cuts this year and a second Donald Trump presidency provided a twin boost to...
Gold futures hit record above $2,460 on hopes Fed will soon cut …
WEBJul 16, 2024 · Gold rallied to record highs in the first half of 2024 on the back of a multi-year spike in demand from central banks around the world, as mounting global geopolitical risks boosted interest in...
Gold price surges to record high - Financial Times
WEBMar 5, 2024 · The price of gold has surged to a record high, driven by growing expectations of US interest rate cuts, investors hunting for haven assets and months of prodigious buying by central banks and...
Gold hits record high on buying momentum, geopolitical risks
WEBApr 9, 2024 · Gold hit all-time high of $2,365.09 per ounce. April 9 (Reuters) - Gold extended its record run on Tuesday fueled by buying momentum and geopolitical risks, while the spotlight shifted to...