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.
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 price today: Gold is down 0.08% today
The price of gold traded at $2,576.19 per troy ounce, as of 9 a.m. ET. That’s down 0.08% from yesterday’s gold price per ounce and up 24.68% since the beginning of the year. The lowest trading price within the last 24 hours: $2,560.90 per ounce. The highest gold spot price in the last 24 hours: $2,582.28 per ounce.
Gold holds ground after Fed's oversized rate cut
Gold prices held steady on Thursday after hitting a record high in the previous session, after the U.S. Federal Reserve delivered a super-sized interest rate cut. Spot gold was little changed at $2,562.
What will happen to gold prices after the Fed cuts rates?
This trend began in early March, with gold prices surging to $2,160 per ounce, up 8% compared to the previous record in December 2023. That record was quickly surpassed by subsequent peaks in April, May,
Can the record gold price keep going higher?
Gold has smashed a new record at US$2,591.6 per ounce. Here are Westpac's forecasts through til 2028. The post Can the record gold price keep going higher? appeared first on The Motley Fool Australia.
Gold jumps to record high after US Fed delivers 50 bps rate cut
Gold prices rose to an all-time high on Wednesday after the U.S. Federal Reserve cut interest rates by 50 basis points, sending the dollar lower. Spot gold was up 0.9% at $2,592.39 per ounce as of 02:17 p.
Stocks to Take Advantage of Rising Gold Prices
Investors have flocked to safe haven precious metals including gold and silver in recent months, helping to drive the price of each of these metals up by about a third in the last year. Gold in particular continues to hit new all-time highs and trades close to $2,
A gold mining town in Congo has become an mpox hot spot as a new strain spreads
Congo's South Kivu province is at the epicenter of the world’s latest mpox outbreak, in what the World Health Organization ...
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 ...
Thinking About Getting On The Gold Train? Think Again
Before jumping on the gold train, investors should consider some of the risks associated with owning the precious metal, ...
NASA's 'Hidden Figures' awarded Congressional Gold Medal for groundbreaking work
The Black NASA female mathematicians and aeronautical engineers referred to as the "Hidden Figures" were awarded the ...
Freeman honour for Paralympic gold medallist
A commando turned Paralympian is to become a freeman of his village in honour of his medal success. Gregg Stevenson and his ...
We are in a 'golden age of gold,' Jim Grant says
Grant's Interest Rate Observer founder & editor Jim Grant discusses the anticipated Federal Reserve rate cut decision, his ...
NASA's "Hidden Figures" honored in Congressional Gold Medal ceremony
NASA's "Hidden Figures," whose work helped put men on the moon, are set to be honored Wednesday in a Congressional Gold Medal ...
Olympic judges ignored Simone Biles' score review that could have given her gold, breaking US tie with China
Footage shows the women's gymnastics judges for the Paris Olympics floor routine final neglected to process a request for ...