Gold hovers near record high as traders navigate Fed’s giant rate cut
GOLD prices steadied near record highs on Friday (Sep 20) and were poised for a weekly gain, as markets adjusted to the US Federal Reserve’s recent super-sized interest rate reduction and signs that further cuts were on the horizon.
Gold rose to a record as markets waited for the Federal Reserve to begin easing monetary policy for the first time in more than four years. Bullion climbed as much as 0.5% to a high of $2,589.70 ...
Gold prices moved in a narrow range on Wednesday as the U.S. Federal Reserve interest-rate decision, rate-cut outlook and Fed ...
Gold rallied Thursday even when stocks were down and the dollar was up, and rose even more as stocks recovered and the ... to speculative trading in derivatives contracts, not physical bullion," ...
China’s central bank did not add any gold to its reserves for a fourth straight month in August as prices for the precious ...
Fresnillo rose 6.5%, or 35p, to 572.5p, Centamin climbed 1.2%, or 1.9p, to 155.9p and Hochschild Mining added 3.7%, or 6.4p, ...
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