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Gold extends upside to near $4,200 amid Fed rate cut hopes
Gold price (XAU/USD) extends the rally to around $4,195 during the early Asian session on Thursday. The precious metal rises to the highest level since October 21 ahead of the vote to end the US government shutdown, which would offer economic clarity and set the stage for the Federal Reserve’s (Fed) next move. Fed officials are set to speak later in the day, including Neel Kashkari, Alberto Musalem and Beth Hammack. The US House of Representatives is in session to debate and vote on the Senate-passed funding deal that would end the longest government shutdown in US history. The Senate has already approved the ... (full story)
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From forex.com | Nov 12, 2025
XAU/USD has now recorded four consecutive bullish sessions in the short term, maintaining a gain of approximately 5.4%. The metal has even attempted to consolidate near the $4,200 per ounce level. The buying pressure seen in recent sessions has remained firm, supported by expectations of a more accommodative monetary policy from the Federal Reserve, which ...
From kitco.com | Nov 12, 2025
Fear that the Federal Reserve will lose its independence has been a significant factor behind gold’s rally to record highs, and according to one market strategist, it could lead to the next $500 move. The U.S. Supreme Court said on Wednesday that it would hear oral arguments on Jan. 21 regarding whether President Donald Trump has the authority to fire ...
FED'S DALY DOES NOT COMMENT ON INTEREST-RATE POLICY, ECONOMIC OUTLOOK IN PREPARED REMARKS ON BALANCE SHEET IN DUBLIN, IRELAND
