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Gold prices firmed on Monday as expectations that the Federal Reserve will start cutting interest rates later in the year and tensions in the Middle East boosted the allure of the non-yielding... -May 05, 2024 at 11:01 pm EDT - MarketScreener
Gold prices ticked higher on Monday, as expectations that the Federal Reserve will start cutting interest rates...
Gold prices ticked higher on Monday, as expectations that the Federal Reserve will start cutting interest rates later...
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 gain," said Kelvin Wong, a senior market analyst for Asia Pacific at OANDA.
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.