Gold Hits Fresh All-time High After Fed Cuts Rates, Then Pulls Back

Sep 18, 2024 · Precious metals were volatile, with gold peaking during afternoon trading at US$2,599 per ounce; it ultimately retracted and at 4:00 p.m. EDT was down 0.48 percent to …

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Gold Hits Fresh All-time High After Fed Cuts Rates, Then Pulls Back

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Sep 18, 2024 · Precious metals were volatile, with gold peaking during afternoon trading at US$2,599 per ounce; it ultimately retracted and at 4:00 p.m. EDT was down 0.48 percent to …

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Gold’s Hitting New Records Again. Here’s What It Means For The …

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Sep 25, 2024 · The most actively traded gold futures contract has hit repeated highs this year, most recently notching a fresh record of $2,687.30 on Tuesday before retreating. That comes …

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Gold Price Sets New Record On Fed’s First Rate Cut Since 2020

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Sep 18, 2024 · By late afternoon, however, gold had erased those gains, with spot gold down 0.4% at $2,559.15 per ounce and futures down 0.6% at $2,582.90 per ounce.

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Gold Jumps To Record Above $2,460 An Ounce On Hopes Fed Will

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Jul 16, 2024 · Spot gold jumped 1.8% to $2,465.95 during the session, which is an all-time high according to LSEG data going back to 1968 that has not been adjusted for inflation.

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Gold Surges Following Fed Decision - WSJ - The Wall Street Journal

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1411 ET – Gold prices climb following the Fed’s announcement of a 50-basis-point rate cut — with after-hours gold futures and SPDR Gold shares both jumping to up 0.7% from being flat …

wsj.com

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Gold Jumps As Fed Rate Cut Bets Increase Beyond One Move

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12 hours ago · Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly …

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Gold Jumps To Record High After US Fed Delivers 50 Bps Rate Cut

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Sep 19, 2024 · Gold prices reached an all-time high after the U.S. Federal Reserve cut interest rates by 50 basis points, weakening the dollar. Spot gold rose to $2,592.39 per ounce, while …

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Gold Prints New Record Peaks As Fed Rate Cut Expectations Surge

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Sep 13, 2024 · Gold hits new all-time high at $2,586 amid rising expectations of a significant Fed rate cut, with a 43% chance of a 50 bps reduction. US Treasury yields fall, US Dollar Index …

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Record Gold Price Flashes Warning For Fed's Rate-cut Hopes

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Mar 22, 2024 · Gold futures (GC00) (GCJ24) touched a record intraday high on Thursday at $2,225.30 an ounce on Comex. It marked a record high settlement of $2,188.60 on March 11.

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Gold Extends Record Rally On Dollar Weakness, Rate-Cut Bets

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Aug 19, 2024 · Spot gold rose 0.3% to $2,510.35 per ounce by 01:44 p.m. ET [1744 GMT], after hitting an all-time high of $2,531.60 earlier in the session.

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Gold Jumps To Another Record High After Powell's Remarks; Silver …

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Apr 3, 2024 · Front-month Comex gold for April delivery closed +1.5% to $2,294.40/oz, another record high and its seventh consecutive gaily gain, while front-month April Comex silver …

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Gold Gains Over 1% As Fed Begins Deeper Rate-cut Cycle

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Sep 19, 2024 · Gold prices rose over 1% on Thursday as the U.S. Federal Reserve launched its monetary easing cycle with a half percentage point move, boosting bullion to an all-time high …

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Gold Price Sets New Record High On US Election Uncertainty, …

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Oct 17, 2024 · Spot gold hit an all-time high of $2,696.62 per ounce earlier before pulling back to $2,686.52 at noon ET for a 0.5% intraday gain. US gold futures saw a similar increase, trading at $2,704.80 per ...

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FAQs about Gold Hits Fresh All-time High After Fed Cuts Rates, Then Pulls Back Coupon?

Why did gold futures go up?

Gold futures climbed to a record high before falling back in electronic trading Wednesday after the Federal Reserve cut its key rate by 50 basis points, citing confidence that inflation will continue to fall and noting a slowing jobs market. ...

Why did gold prices rise a new record?

Gold (GC=F) prices surged to a new record, driven by mounting expectations that the US Federal Reserve will announce a significant interest rate cut later this week. Spot gold rose 0.4% to a historic high of $2,589.02 (£1,965.20) per ounce, while gold futures for December delivery hit $2,613.70 per ounce. ...

Why did gold hit a record high in 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 the safe haven asset. According to UBS, central bank buying of bullion is the highest it’s been since the late 1960s. ...

Why did spot gold hit an all-time high?

Spot gold jumped 1.8% to $2,465.95 during the session, which is an all-time high according to LSEG data going back to 1968 that has not been adjusted for inflation. Gold prices hit all-time highs earlier this year before pulling back as the prospect of higher-for-longer interest rates dampened investor enthusiasm for the precious metal. ...

Why did gold prices hit an all-time high?

Gold prices reached an all-time high after the U.S. Federal Reserve cut interest rates by 50 basis points, weakening the dollar. Spot gold rose to $2,592.39 per ounce, while U.S. gold futures settled at $2,598.60. Investors are now awaiting comments from Fed Chair Jerome Powell for further policy direction. ...

How did gold react to the Federal Reserve decision?

Gold showed little reaction in the immediate aftermath of the U.S. Federal Reserve’s decision Wednesday afternoon to leave interest rates unchanged and maintain its forecast of three rate cuts this year. Then prices for the precious metal rallied toward fresh record highs. ...