Gold price benefits from Fed’s cut, buyers eye $2,600
Gold prices advanced on Thursday after the Federal Reserve (Fed) embarked on an easing cycle with a 50-basis-point (bps) rate cut. Traders ignored the rise of US Treasury yields, which correlate inversely to the non-yielding metal, which remains on its way toward reclaiming $2,600. At the time of writing, XAU/USD trades at $2,589, up over 1%.
The Fed move, which lowered interest rates to the range of 4.75%-5%, is part of a broader anticipated easing cycle, with two ...
Goldman Sachs reiterated its optimistic outlook on gold prices on Monday, citing central bank demand and the imminent ...
The US Federal Reserve’s decision to cut interest rates by 50 basis points, bringing the benchmark rate between 4.75 per cent ...
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In light of the progress on inflation and the balance of risks, the Fed decided to lower the target range for the federal ...
Gold prices moved in a narrow range on Wednesday as focus turned to the U.S. Federal Reserve's interest-rate decision and Fed ...
Oil prices fell on Wednesday as the market cautiously awaited a rate cut announcement from the Federal Reserve, while ...
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