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Gold gains after Fed rate cut, silver hits all-time peak
Gold prices reversed course to rise on Wednesday after the Federal Reserve’s rate cut, though uncertainty over next year’s policy outlook persisted, while silver hit an all-time peak. Spot gold rose 0.7% at $4,236.57 per ounce at 3:17 p.m. ET. U.S. gold futures for February delivery settled 0.3% lower at $4,224.70. The Fed cut interest rates in another divided vote, but signalled it will likely pause further reductions in borrowing costs as officials look for clearer signals about the direction of the job market and inflation. "Gold traders like the result today, it's trading at day's highs after surviving a bout ... (full story)
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A Federal Reserve split over where its priorities should lie cut its key interest rate Wednesday, but signaled a tougher road ahead for further reductions. Fulfilling expectations of a “hawkish cut,” the central bank’s Federal Open Market Committee lowered its key overnight borrowing rate by a quarter percentage point, putting it in a range between ...
Gold eased on Thursday, pulling back from a near one-week high, after the US Federal Reserve delivered a divided interest rate cut that left investors uncertain about the pace of easing next year, while silver notched another record high. Spot gold fell 0.2% to $4,221.49 per ounce, as of 0300 GMT, after touching its highest since December 5 earlier in the ...
Investors are betting the Federal Reserve will lower interest rates today for the third time this year, though there could be division within the central bank over the decision. "The decision will not be unanimous and is likely to feature dissents in both a hawkish and dovish direction," Deutsche Bank chief US economist Matt Luzzetti said. Where there might ...
