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Gold extends gains on US rate cut expectations
Gold prices rose for a third straight session on Monday after last week's economic data fueled expectations of interest rate cuts by the U.S. Federal Reserve. Spot gold rose 0.3% to $3,373.22 per ounce as of 0915 a.m. ET (13:15 GMT), its highest level since July 24. U.S. gold futures gained 0.8% to $3,427.10. "The odds are stronger now for a rate cut in September and even stronger for another rate cut in December. That coupled with the headwinds of inflation, I think is pretty bullish for gold," said Daniel Pavilonis, senior market strategist at RJO Futures. Last week, data showed that U.S. employment growth was ... (full story)
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- Aug 4, 2025 12:06pm Posted byFundamental Analysis318
