Gold hovers near record highs. Here's where analysts say it's headed next.
Gold ( GC=F) hovered near record highs Thursday, supported by the Fed’s jumbo rate cut and a weakening dollar. Analysts expect the precious metal to go even higher. Gold futures climbed to trade just above $2,600 after touching fresh records in the prior session immediately after the Federal Reserve announced a 50 basis point rate reduction.
Gold Prices Push to New Records Following Rate Cut
Gold futures and shares both climbed to new record highs after the Fed rate cut. Gold remains a safe haven for money and can be seen as more attractive as interest rates drop. Global turmoil looks to continue to provide gold with upward momentum,
Gold prices climbed to a fresh record high on Thursday, with inflation data this week providing support even as some analysts ...
Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal ...
Goldman Sachs reiterated its optimistic outlook on gold prices on Monday, citing central bank demand and the imminent ...
Robert Kiyosaki predicts that Bitcoin, gold, and silver prices will soar as the Fed cuts interest rates, urged investors to ...
Gold prices climbed after the Fed’s rate decision, with after-hours gold futures and SPDR Gold shares both higher from being flat before confirmation of the cut.
The yellow metal popped to a new record high of $2,600 on Wednesday before quickly falling back following the ...
Gold prices slipped from all-time highs on Wednesday, as the dollar and Treasury yields rose on the back of comments from ...
Yields on U.S. government debt moved slightly higher Wednesday morning, as traders waited to see whether the Federal Reserve will begin its interest rate-cutting cycle with a 25- or 50-basis-point ...
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