Gold prices surged over 1 per cent to a record high on Tuesday as investors turned to the safe-haven asset following comments from Federal Reserve officials that solidified expectations for a U.S. interest rate cut in September. By 11:01 a.m. ET (1501 GMT), spot gold increased by 1.3 per cent to $2,452.29 per ounce, while … Read more
At 1304 GMT, spot gold surged by 0.9% to $2,396.81 per ounce. Bullion prices have climbed by 1.5% this week, following a one-month high on Thursday. In the meantime, gold futures for June delivery in the U.S. concluded 0.4% lower, settling at 2385.50 per ounce. “Gold prices inched higher, hovering near $2400 while silver marked … Read more
Gold prices declined on Tuesday as the U.S. dollar strengthened, with investors anticipating additional remarks from Federal Reserve officials to gain insight into the potential timing of interest rate adjustments. Spot gold decreased by 0.5% to $2,312.29 per ounce by 1218 GMT, while U.S. gold futures also fell by 0.5% to $2,320.60 per ounce. The … Read more