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Gold Advances as Traders Bet Fed Will Cut Interest Rates Soon
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 precious metal also got support from renewed concerns over the Fed’s independence after Governor Adriana Kugler resigned last Friday, giving an opportunity to President Donald Trump to install a policymaker who aligns with his demands for lower interest rates. Trump ... (full story)
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From fxstreet.com | Aug 4, 2025
Gold price (XAU/USD) clings to gains near Friday’s high around $3,350 during the European trading session on Monday. The precious metal trades firmly as cooling labor market conditions have forced traders to raise bets supporting interest rate cuts by the Federal Reserve (Fed) in the September meeting. Lower interest rates by the Fed bode well for ...
From kitco.com | Aug 4, 2025
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 ...
San Francisco Federal Reserve Bank President Mary Daly on Monday said that given mounting evidence that the U.S. job market is softening and no signs of persistent tariff-driven inflation, the time is nearing for interest rate cuts. "I was willing to wait another cycle, but I can't wait forever," Daly said of the Fed's decision last week to leave short-term ...
