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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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From finance.yahoo.com | Aug 4, 2025
Gold advanced as traders continued to bet the Federal Reserve will soon cut rates. Bullion typically benefits in a lower rate environment as it pays no interest. Traders bet with almost certainty that the US central bank would lower borrowing cost at its next meeting in September. The expectation follows a weaker-than-expected jobs report last week. The ...
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From marketpulse.com | Aug 4, 2025
Trading in the region of $37.35700 in today’s session, Silver looks to continue bullish momentum shown in Friday’s session, rallying from monthly lows. Having recently succumbed to short-term selling pressure from all-time highs made in late July, recent US jobs data has helped bolster precious metal pricing. Missing expectations by some margin, coupled ...
