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Markets eye Fed rate cut as gold stays near all-time high
Gold prices rose on Friday, holding close to record highs hit earlier this week, as signs of a weakening U.S. labor market reinforced expectations the Federal Reserve will deliver its first rate cut of the year next week. Spot gold was up 0.4% at $3,647.55 per ounce, as of 11:00 a.m. EDT (1500 GMT), close to Tuesday's all-time high of $3,673.95. The metal has gained 1.7% so far this week and is poised for a fourth consecutive weekly advance. U.S. gold futures for December delivery were up 0.3% at $3,685.60. "Weaker employment and spotty inflation... priced in with the Fed having to cut rates is pushing metals ... (full story)
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From @FirstSquawk|Sep 12, 2025|1 commentEuropean Central Bank's Nagel warns that further interest rate reductions may endanger stable prices, according to FAZ
From bnnbloomberg.ca|Sep 12, 2025|3 commentsThe U.S. Treasury on Friday called on Group of Seven and European Union allies to impose “meaningful tariffs” on goods from China and India to halt their purchases of Russian oil ...
From morningstar.com|Sep 12, 2025Gold has rewarded investors with two record highs this week. There's plenty more highs where those came from, strategists at UBS Global Wealth Management chief investment office ...
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- Sep 12, 2025 11:34am Posted byFundamental Analysis266
