-
Gold hovers near record high on US rate-cut prospects
Gold held firm near an all-time high on Monday, inching closer to a key $3,600 level, bolstered by mounting expectations of a US Federal Reserve rate cut this month following a weaker-than-expected jobs report last week. Spot gold was little changed at $3,583.41 per ounce, as of 0454 GMT. Bullion rose to a record high of $3,599.89 on Friday.US gold futures for December delivery fell 0.8% to $3,624. “The main driver is US jobs data and the expectations now that the Fed could cut by 50 basis points in September. It’s a marginal chance but a material shift from before the jobs figures,“ Capital.com financial ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From finance.yahoo.com | Sep 7, 2025
Gold traded near Friday’s record high, bolstered by an unexpectedly weak US employment report that saw wagers increase on the Federal Reserve cutting interest rates. Bullion was less than $10 short of its latest peak near $3,600 an ounce in early Asian trading, after rallying as much as 1.5% late Friday. A pivotal US payrolls report showed a slowdown in ...
From substack.com | Sep 8, 2025
Gold futures maintain their explosive momentum with spot prices touching $3,636.07/oz intraday on September 8, as markets have virtually locked in a 25bp Fed rate cut (97%+ probability according to CME FedWatch), creating a perfect storm of stagflation fears and monetary easing expectations that should keep gold elevated despite short-term technical ...
From cnbc.com | Sep 7, 2025
Gold prices notched another fresh record this week as more investors piled into the metal amid economic uncertainty and rising bets for a Federal Reserve rate cut. So far this year, bullion has gained about 35% as of Friday’s close. Spot gold is now near $3,600 an ounce. “Without a doubt, gold has been trending higher, and it’s getting a lot of attention ...
