-
US dollar weak on rate outlook, gold hits record high
Asian stocks edged higher while the dollar lurked near five-week lows and gold climbed to a record high on Tuesday, as investors girded for a slate of economic data this week, including the crucial U.S. labour report on Friday. Markets widely expect the Federal Reserve to lower interest rates later this month, pricing in an 89% chance of a 25 basis point cut, but data this week will help investors gauge whether the central bank could perhaps lean toward a jumbo cut. The focus will be on Friday’s U.S. nonfarm payrolls report, which will be preceded by data on job openings and private payrolls, providing investors ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From bbc.com | Sep 2, 2025
The price of gold has hit a record high as demand for the precious metal remains strong amid global economic uncertainty. The spot gold price hit $3,508.50 per ounce early on Tuesday, continuing its upwards trend which has seen it rise by nearly a third this year. The precious metal is viewed as a safer asset for investors during times of economic ...
From channelnewsasia.com | Sep 2, 2025
Gold sailed past US$3,500 per ounce to a record high on Tuesday (Sep 2), as a weaker dollar and mounting expectations of a United States Federal Reserve interest rate cut in September boosted the precious metal's appeal. Spot gold was up 0.3 per cent at US$3,487.55 per ounce as of 6.33am (2.33pm, Singapore time) after hitting a record high of US$3,508.50 ...
From nypost.com | Sep 1, 2025
Copper prices crept to their highest in more than a month on Monday, supported by upbeat manufacturing data from top metals consumer, China, and a weaker dollar. Three-month copper on the London Metal Exchange was down 0.2% at $9,886 a metric ton after touching its highest since July 24 at $9,947. LME copper has gained 12% this year, having rebounded from ...
