Gold skyrockets to record-high above $2,600 on Fed rate cut speculation
Gold surges to new all-time high above $2,600, fueled by expectations of further Fed rate cuts. Fed Governor Waller backs 50 bps rate cut; however, dissenting Fed member Michelle Bowman prefers a smaller cut to guard against declaring an early win on inflation.
Spot gold was up 1.3 percent at $2,620.63 per ounce by 1:43 p.m. ET, while U.S. gold futures settled 1.2 percent higher to $2 ...
With new easing cycle from the Fed kicking off, tech "bubble risks" are back, Bank of America strategist Michael Hartnett ...
That’s been proven accurate, as stocks are down, the dollar is stronger, and yields are rising... yet gold is soaring.
The Federal Reserve didn’t just cut interest rates at its September meeting. It cut BIG, opting for a 50-basis point move.
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Bitcoin, Gold May Be Sensing Monetary Debasement as Records BeckonWith both assets leading the market, here's a closer look at the factors driving their remarkable performance.
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