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Gold prices react to US Fed rate cut
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.
Gold rises to record after US Fed makes first rate cut since 2020
Gold, which tends to benefit from lower rates, rose as much as 1.2% before erasing gains after Fed Chair Jerome Powell said in a press conference that no one should see this as a “new pace.”
Gold pushes to new record, silver pops 2.5%, with Fed rate cut seen as bullish
Gold futures climbed to a fresh record high Thursday a day after the Federal Reserve launched its monetary easing cycle with a 50 basis points interest rate cut, which is seen as bullish for gold since lower borrowing costs benefit the metal,
Markets
3d
US dollar under pressure ahead of Fed, gold keeps going
US dollar faces selling pressure on Monday as it retests multi-month lows ahead of a likely outsized Fed cut, gold price ...
7d
The Gold-Dollar Connection: Insights For Investors
Several factors can impact the correlation between the dollar and gold. Including: • Economic conditions: During recessions or periods of economic uncertainty, both gold and the dollar may rise ...
1d
US Fed Meeting Live Updates: Wall Street flat ahead of Powell-led FOMC verdict, US dollar lower, gold rises
Jerome Powell-led rate-setting panel is widely expected to reduce the policy rate for the first time in four years after ...
36m
Philippines Gold price today: Gold rises, according to FXStreet data
Gold prices rose in Philippines on Friday, according to data compiled by FXStreet . The price for Gold stood at 4,626.48 ...
23h
US Fed slashes rates by 50 bps: What does it mean for America and the global economy?
The US Federal Reserve’s decision to cut interest rates by 50 basis points, bringing the benchmark rate between 4.75 per cent ...
stockhead
11h
Gold Digger: When the Feds are on your side
The US Fed's shift to cut interest rates could provide more steam for already record gold prices, with western ETFs expected ...
1d
on MSN
Florida woman wins $2 million prize from Gold Rush Doubler scratch-off, takes lump sum
A Dixie County woman $2 million prize with a $10 scratch-off game she bought at a gas station. Here's what to know.
18h
on MSN
Dollar edges lower after Fed rate cut, Aussie, Norwegian crown outperform
The U.S. dollar dropped on Thursday after the Federal Reserve cut its interest rate by 50 basis points and revised its ...
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