Gold prices break a new record, but may be near a peak

Oct 30, 2024 · Gold prices break a new record, but may be near a peak. Gold prices break a new record, but may be near a peak Provided by Dow Jones Oct 30, 2024 6:06pm. By Myra P. Saefong .

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Gold Prices Break A New Record, But May Be Near A Peak - MSN

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On Wednesday, the most-active December futures contract touched a high of $2,801.70 before settling at an all-time high of $2,800.80, up $19.70, or 0.7% for the session.

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Gold Prices Just Shattered Another Record: 3 Big Reasons To Buy In …

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Jul 18, 2024 · Gold prices just hit a new record high — but there are still lots of good reasons to add it to your portfolio now. ... Late May saw another peak as gold prices soared to $2,439.98 …

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Gold Price Bulls Retain Control Near Record High, Looks To US Data …

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Oct 17, 2024 · Gold price (XAU/USD) prolongs its one-week-old uptrend for the third straight day and touches a fresh all-time peak, around the $2,685-2,686 region during the early European …

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Is Gold's Record Price Run Coming To An End? Here's How To Tell.

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Aug 21, 2024 · Prices also touched a new intraday record of $2,570.40 on Tuesday. ... that could signal the peak - and potentially the beginning of a new age of sideways movement for the …

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Gold Prices Soar To New Record Highs; Easing Recession Fears, Rate …

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Aug 16, 2024 · At 09:55 ET (13:55 GMT), spot gold rose 1.5% to $2,493.86 an ounce, while gold futures gained 1.6% to $2,533.10 an ounce. Both benchmarks are on course for weekly gains …

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Gold Prices Hit New Record, Are Set For Even More Gains

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Oct 18, 2024 · Continuous gold futures on the New York Mercantile Exchange rose 0.75% to $2,727.90 a troy ounce in European midday trading, having reached as high as $2,729.30 …

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Gold Prices Set New Record On U.S. Rate-Cut Hopes, Geopolitical ...

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Aug 16, 2024 · Continuous gold futures on the New York Mercantile Exchange rose 1.6% to $2,533.4 a troy ounce in European afternoon trading, having reached as high as $2,538.7 …

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Gold Prices Hit A New Record High. Here's Why Investors Are ... - MSN

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For example, after days of steady price growth, the spot price of gold hit a new high this week, climbing to $2,160 per troy ounce. That's up 8% from the previous record high of $2,135 in …

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Gold Prices Gain Ground After US PPI Inflation Sparks Fresh

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22 hours ago · Gold price shrugs off higher US real yields, which remain at around 2.34%. The US Dollar retreated after the data, with the US Dollar Index (DXY) hitting 109.21, down 0.26%. …

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#Bitcoin Breaks $100K In A Game-Changing 2024 - YouTube

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2024 was huge for crypto. Bitcoin hit $100K, ETFs brought billions, and meme coins plus AI-driven platforms like Pump.Fun stole the spotlight. With Bitcoin h...

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FAQs about Gold prices break a new record, but may be near a peak Coupon?

Why did gold prices hit a record high on Monday?

(Reuters) - Gold prices touched a record high on Monday as recent economic data boosted bets for interest rate cuts by the U.S. Federal Reserve, while silver followed suit and surged to a more than 11-year high. Spot gold rose 1% to $2,438.41 per ounce, as of 0852 GMT, after hitting a record high of $2,449.89 earlier in the session. ...

Why were gold prices so high on Tuesday?

Gold prices hovered near all-time high levels on Tuesday, aided by U.S. election uncertainty and expectations of an interest rate cut by the U.S. Federal Reserve in November, while focus was also on a series of economic data. Spot gold was up 0.3% to $2,750.87 per ounce as of 1114 GMT, just shy of a record high of $2,758.37 hit last Wednesday. ...

Why did gold prices hover near all-time highs on Tuesday?

(Reuters) - Gold prices hovered near all-time high levels on Tuesday, aided by U.S. election uncertainty and expectations of an interest rate cut by the U.S. Federal Reserve in November, while focus was also on a series of economic data. ...

Are gold prices breaking records in 2024?

Read: Gold prices keep breaking records in 2024. Central banks are driving the rally. Caution signs Still, the strength of gold's rise to never-before-seen heights, and its more than 20% climb year to date, may be raising some red flags for investors who may have missed the boat, or are considering chasing the rally. ...

How did the pullback affect gold prices?

The initial pullback provided a weakening signal on a break below yesterday’s low of 2,280 before buyers took back control to drive prices to new highs. Gold continues to trade near the highs of the day and is on track to close at a new record closing high. At the time of this writing the high of the day was 2,230. ...

Why did spot gold rise 1%?

Spot gold rose 1% to $2,438.41 per ounce, as of 0852 GMT, after hitting a record high of $2,449.89 earlier in the session. U.S. gold futures rose 1% to $2,442.50. "Gold's ascent to fresh all-time peaks was likely fuelled by restored bets for Fed rate cuts, following last week's cooling U.S. inflation data. ...