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Gold prices react to US Fed rate cut
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.
Gold Rises to Record After Fed Makes First Rate Cut Since 2020
Gold pulled back from a record high after Federal Reserve Chairman Jerome Powell signaled policymakers aren’t in a rush to aggressively lower interest rates following Wednesday’s half percentage point cut by the US central bank.
Gold flat after bumper Fed rate cut
* U.S. gold futures fell 0.6% to $2,582.70. * The U.S. dollar rose broadly, recovering from an earlier tumble caused by the Fed's rate-cut decision. A stronger dollar makes gold more expensive for other currency holders.
CoinDesk
49m
Bitcoin, Gold May Be Sensing Monetary Debasement as Records Beckon
With both assets leading the market, here's a closer look at the factors driving their remarkable performance.
FXEmpire.com
1d
Gold (XAU) Price Forecast: Could ECB and Fed Rate Cuts Propel Gold Higher?
Gold
prices advanced on Thursday, buoyed by market anticipation of a
rate
cut at the upcoming U.S. Federal Reserve meeting. Traders expect the
Fed
to deliver a 25-basis-point reduction ...
1d
Gold Price Outlook: How Fed's 50 Bps Rate Cut Will Drive 22K, 24K, 18K Yellow Metal In Coming Days?
In light of the progress on inflation and the balance of risks, the Fed decided to lower the target range for the federal ...
20h
Harris is quickly gaining on Trump when it comes to the economy. Here’s why
While voters trusted Trump over Biden on the economy, a new poll finds Harris has closed the gap—and undecided voters prefer ...
22h
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.
1d
Trump-supporting hedge fund billionaire says he'll pull his money out of the market if Harris wins the election
Trump fundraiser John Paulson told Fox Business that he'll sell stocks, move to cash, and buy gold if Kamala Harris' ...
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