Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy Something strange has happened to the price of gold over the past year. In setting one record level after the
Gold climbed on Tuesday, trading not too far away from the record peak it hit in the last session, as concerns over rising geopolitical tensions, U.S. election uncertainties and prospects of central banks lowering interest rates boosted demand. Spot gold rose 0.5% to $2,732.06 per ounce by 1143 GMT and U.S. gold futures gained 0.3%
XAU/USD Current price: $2,675.01 Sentiment led the way on Wednesday amid scarce macroeconomic data. Focus shifts to the European Central Bank monetary policy decision on Thursday. XAU/USD aims to reach fresh record highs and challenge the $2,700 mark. Risk aversion keeps fueling Gold demand, with the bright metal flirting with record highs on Wednesday. XAU/USD
Claim: Barron Trump joked at a dinner he hosted at his father’s Mar-a-Lago residence: “Who would ever eat food with a silver spoon, mine was gold.” Rating: Context The purported quote was a second-hand story by a podcast presenter who said he attended a dinner hosted by the younger Trump. We have reached out to
Daily Gold (XAU/USD)Both silver and gold are benefiting from a risk-off sentiment in the market. Gold is trading near its all-time high of $2,685.64, with the current session high at $2,682.88. The precious metals market is finding support from weakening equities and declining bond yields. Economic Data: The Key to Fed’s Next Move Traders are
Gold price trades with a negative bias for the fifth straight day amid smaller Fed rate cut bets. A modest USD downtick, along with geopolitical risks, could offer support to the XAU/USD. Traders look to the FOMC minutes and the US inflation figures for a fresh directional impetus. Gold price (XAU/USD) attracts some sellers for
Gold price trades with a negative bias for the sixth straight day amid smaller Fed rate cut bets. Hopes of a possible Hezbollah-Israel ceasefire further undermine the safe-haven commodity. Traders now look to the FOMC minutes for short-term impetuses ahead of the US inflation figures. Gold price (XAU/USD) fell nearly 1.5% intraday and touched a
Gold stocks hold a valuable place in asset allocation for investors, especially in times of high inflation and economic uncertainty. Investing in gold has its challenges, but one of the best ways to gain exposure to gold is through the S&P Gold Shares ETF (GLD). ↑ X NOW PLAYING Inflation Rates And Your Portfolio: Best
Gold is up 22% so far in 2024 Minutes of Fed’s July FOMC meeting due Wednesday Holdings of world’s largest gold ETF jump to 7-month high Aug 20 (Reuters) – Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that
Markets await PCE data due on Friday Dollar down 0.3% against its rivals Odds of 25 bp US rate cut in Sept at 63.5% -CME FedWatch Aug 27 (Reuters) – Gold prices rose on Tuesday driven by a weaker dollar, with investors awaiting inflation data that might provide insights on the scale of an expected