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Gold Rises on Fed Rate Cut Hopes, Middle East Tensions

Gold prices ticked higher on Monday, as expectations that the Federal Reserve will start cutting interest rates later in the year and tensions in the Middle East lifted bullion's appeal. Spot gold rose 0.3% to $2,309.24 per ounce by 0427 GMT. U.S. gold futures gained 0.5% to $2,318.80 per ounce, Reuters reported. "Investors will look at the political situation in the Middle East and how the ongoing negotiations for a ceasefire play out. If the hopes of a truce become lesser, gold will ...
Western Australia Israel General United States Benjamin Netanyahu Yeap Jun Rong Kelvin Wong
Source: aawsat.com

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Gold on Track for First Weekly Dip in Six; Focus on US Inflation Data

Gold inched up on Friday ahead of a key US inflation report, but prices were on track for their first weekly drop in six weeks on easing concerns of a major escalation of the Middle East crisis. Spot gold rose 0.3% at $2,339.32 per ounce by 0640 GMT. US gold futures rose 0.4% at $2,351.20, Reuters said. However, for the week, prices were down 2.3%, set for their biggest weekly drop since early December, after a major escalation in the Middle East crisis was avoided. Prices were down nearly $100 ...
Yeap Jun Rong Ilya Spivak Federal Reserve Middle East Personal Consumption Expenditures Yeap Jun
Source: aawsat.com

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