Record Gold Near $2600 on Fed Rate-Cut Bets | Gold News

Sep 16, 2024 · GOLD PRICES continued to hit fresh record highs on Monday, rising within $11 per ounce of $2600 as speculators sharply increased their bets on the Federal Reserve starting to reduce US Dollar interest rates from their current 2-decade high with a dramatic half-point cut …

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Record Gold Near $2600 On Fed Rate-Cut Bets | Gold News

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bullionvault.com

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Gold Breaks $2,600 Barrier As Fed Cut Bets Prolong Historic Run

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Sep 20, 2024 · Spot gold was up 1.3% at $2,620.63 per ounce by 1:43 p.m. ET (1743 GMT), while U.S. gold futures settled 1.2% higher to $2,646.20. Bullion's latest rally got a fillip after …

yahoo.com

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Gold Tests $2600 Floor As US Fed Halves 2025 Rate-Cut Forecast

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Dec 19, 2024 · Gold Price News. US Jobs Shock Sends Gold to New EUR and GBP Records ... rallied weakly from a slump to 4-week lows beneath $2600 per Troy ounce in London trading …

bullionvault.com

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Gold Breaks $2,600 Barrier As Fed Cut Bets Prolong Historic Run

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Sep 20, 2024 · Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the Middle East.

reuters.com

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Gold Breaks $2,600 Barrier As Fed Rate Cut Bets Prolong Historic Run

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Sep 20, 2024 · Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the Middle East. Spot …

business-standard.com

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

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Aug 19, 2024 · Gold could reach $3,000 per ounce by mid-2025 and $2,600 by the end of 2024, Doshi added. Holdings of SPDR Gold Trust GLD, the world's largest gold-backed exchange …

usnews.com

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Gold Records All-time High, Surpasses $2,600 - FXStreet

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Sep 20, 2024 · Gold surges to new all-time high above $2,600, fueled by expectations of further Fed rate cuts. Safe-haven demand spikes due to escalating tension between Israel and …

fxstreet.com

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Mounting US Rate Cut Bets Fuel Gold To Record Highs - U.S. News

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Mar 5, 2024 · (Reuters) - Gold scaled a record high on Tuesday, moving further above $2,100 per ounce in a rally sparked by growing bets for a U.S. interest rate cut in June and on safe-haven …

usnews.com

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Gold Breaks $2,600 - Historic Rally Underway - GoldSilver

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Sep 21, 2024 · Spot Gold Price Shatters $2,600 for First Time. On Friday, immediately following the Fed's rate cut, the price of gold climbed as high as $2,622 per ounce. Over the past three …

goldsilver.com

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Gold Slides Below $2,600 As Fed Signals Two Rate Cuts In 2025

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Dec 18, 2024 · Latest dot plot indicates few rate cuts through 2026, stabilizing Fed funds rate at 3.4%. Gold prices plummet as Federal Reserve Chair Jerome Powell takes a stance after the …

fxstreet.com

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Gold Breaks $2,600 Barrier As Fed Cut Bets Prolong Historic Run

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Sep 21, 2024 · Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the Middle East. Spot …

indiatimes.com

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Gold Hits Another Record High On Fed Rate Cut Bets

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Apr 1, 2024 · The precious metal has enjoyed healthy buying interest this year as the US central bank hints at an easing of credit conditions. It hit a new high of $2,265.73 on Monday, …

news.com.au

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Gold Prices Near 2,600$ Record Highs Amid Fed Rate Cuts

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Sep 20, 2024 · Trading News Gold prices surge towards $2,600 as the Federal Reserve cuts interest rates and geopolitical tensions rise. Explore how global trends and cent...

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

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Jul 16, 2024 · Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 1.7% to $2,471.1, topping the …

nbcnews.com

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Gold Breaks $2,600 Barrier As Fed Cut Bets Prolong Historic Run

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FAQs about Record Gold Near $2600 on Fed Rate-Cut Bets | Gold News Coupon?

Why did gold Rise Above $2600 on Friday?

By Anushree Mukherjee (Reuters) - Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the Middle East. Spot gold was up 1.3% at $2,620.63 per ounce by 1:43 p.m. ET (1743 GMT), while U.S. gold futures settled 1.2% higher to $2,646.20. ...

Why did gold hit a record high on Tuesday?

(Reuters) - Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell's speech for indications on how much the central bank will cut rates this year. Spot gold edged 0.2% higher to $2,500.08 per ounce by 0254 GMT, trading slightly below an all-time high of $2,509.65 hit on Friday. ...

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. ...

Will gold trade higher if fed cut rates?

"We wouldn't be surprised if gold gives back some of these gains as the Federal Reserve talks down imminent cuts, but once rate cuts look certain, we expect gold to trade significantly higher," said Nitesh Shah, commodity strategist at WisdomTree. ...

Why did gold prices rise?

Gold prices surged past $2,600 for the first time, driven by expectations of further U.S. interest rate cuts and rising Middle East tensions. Spot gold rose 1.3% to $2,620.63 per ounce, while U.S. gold futures increased by 1.2%. Analysts predict potential corrections but note geopolitical risks could sustain demand. ...

Will the Fed cut interest rates by June?

Traders currently see a 68% chance that the Fed will start cutting rates by June, according to the CME FedWatch tool. The non-yielding metal is pressured when high interest rates to tame inflation raise returns on competing assets such as bonds and boost the dollar, making gold costlier for buyers with other currencies. ...