In Asian trade on Thursday, gold prices rose. Because investors expect the yellow metal to continue to profit from the low interest rate environment. However, interest rates were cut somewhat lower than expected due to the core consumer price inflation figures for August. Traders saw a 25 basis point drop in late September; This idea…
Gold prices fell to record lows in Asian trade on Thursday, as the yellow metal’s rally cooled, as U.S. interest rate cuts and a slowdown eased. The yellow metal hit an expected high this week the Federal Reserve will begin cutting rates in September. Spot gold fell 0.5% to $2,500.55 an ounce, while gold futures…
Gold prices surged to record highs in Asian trade on Monday despite easing bets on U.S. rate cuts. The demand for the yellow metal remained strong due to safe-haven interest, and investors are looking for further cues on the U.S. economy. Spot gold rose as much as 0.7% to a record high of $2,353.81 an…
