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Gold prices hit record $2,580
Gold prices near record, set for weekly gains on Fed rate-cut boost
Gold hovered near record levels on Friday and was on track for a weekly gain after the U.S. Federal Reserve's recent oversized interest rate reduction and on signs that further cuts were on the horizon.
What will happen to gold prices after the Fed cuts rates?
Sustained demand from investors is also helping to drive the price uptick and will likely play a role in future price growth. As more investors buy gold to capitalize on its upward price trajectory (or gain access to the many other benefits it offers), the price of gold is likely to climb.
Gold Prices Push to New Records Following Rate Cut
Gold futures and shares both climbed to new record highs after the Fed rate cut. Gold remains a safe haven for money and can be seen as more attractive as interest rates drop. Global turmoil looks to continue to provide gold with upward momentum,
1d
on MSN
How high will gold prices climb this October? Here's what experts think
Experts are bullish on gold for October, despite some market uncertainty. Here's what investors should consider now.
Mint
2d
Will gold prices spike higher if a full-fledged war breaks out?
Gold
prices
have increased since the Gaza war, fueled by recession fears. What looks increasingly likely is a procyclical phase in the markets in 2025 and beyond. The war in Gaza that started on 7 ...
4d
Why gold prices are at all-time highs? Is further rise likely ahead of Diwali?
Gold prices hit record highs, with spot gold up 0.5% at $2,588.29 per ounce, driven by a weaker dollar and anticipated US ...
6h
on MSN
Gold Rates Today (20-09-24): check top city wise Gold prices in Delhi, Mumbai, Kolkata, Chennai
The gold price today in Kolkata is 6824 per gram for 22 karat gold and 7444 per gram for 24 karat gold. The Gold price today ...
Hosted on MSN
9h
Grab This Gold Stock While It's Cheap
Gold prices have been in focus this week amid the Fed's highly anticipated September interest rate decision, with the central ...
1d
Gold Miners Say They’re Now Disciplined as Dealmaking Heats Up
With gold prices at a record high, mining companies are back hunting for deals while trying to reassure investors that ...
18h
on MSN
The Fed's rate decision shows its focus has shifted from inflation to the labor market
"The Fed is more worried about the labor market and less concerned about inflation at this point," a Glenmede analyst said.
12h
Barrick Gold Corp. stock rises Thursday, still underperforms market
Barrick Gold Corp. closed C$1.23 below its 52-week high of C$28.67, which the company reached on September 13th.
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