-
Gold surges near record high as investors bet on Fed rate cut
Gold was charging near a record high Wednesday, trading around $3,650 an ounce after US wholesale prices unexpectedly fell and investors piled into bets the Federal Reserve will slash interest rates next week. The precious metal brushed an all-time peak of $3,674 earlier this week and has already soared 40% in 2025, trouncing stocks and other major assets. Wednesday’s surge came after the Bureau of Labor Statistics reported that the producer price index dropped 0.1% in August, defying forecasts for a rise. The surprise slide and recent weak jobs reports give the Fed cover to ease policy at its Sept. 17 meeting, ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
The Producer Price Index for final demand edged down 0.1 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.7 percent in July and 0.1 percent in June. (See table A.) On an unadjusted basis, the index for final demand rose 2.6 percent for the 12 months ended in August. The August ...
From beemarkets.com | Sep 10, 2025
Gold and silver extended gains in Asian trading on Wednesday as investors positioned for a more accommodative U.S. monetary policy. Markets now anticipate the Federal Reserve could lower borrowing costs as early as next week, with futures pricing in three rate cuts by year-end 2025, according to CME FedWatch data. Traders also see a 15% probability of a ...
From brecorder.com | Sep 10, 2025
Gold prices rose on Wednesday, holding above the critical $3,600-per-ounce level, buoyed by expectations of a U.S. interest rate cut this month, while key inflation reports due this week were also on investors’ radar. Spot gold was up 0.5% at $3,644.54 per ounce, as of 0652 GMT, after hitting a record high of $3,673.95 on Tuesday. U.S. gold futures for ...
