News
Important Only
Gold holds gains on bets of more Fed cuts, Middle East tensions
Gold (XAU/USD) slightly retraces during the European session on Monday after being pushed up to a new all-time-high (ATH) of $2,631 earlier in the day, as markets continue to price in more aggressive interest rate cuts from the Federal Reserve (Fed) whilst rising geopolitical tensions stemming from the Middle East increase safe-haven demand for the precious metal.
Fxstreet
Mon, Sep 23
Gold skyrockets to record-high above $2,600 on Fed rate cut speculation
Gold prices climbed past $2,600, recording new all-time highs amid increasing speculation that the Federal Reserve will continue to lower borrowing costs and heightened tensions between Israel and Hezbollah in the Middle East.Fxstreet
Fri, Sep 20
Crude Oil consolidates around at $710 as after rally halts
Crude Oil consolidates at around $71 on Friday after popping higher by nearly 3% the previous day as a peace or ceasefire deal in the Middle East seems further away than ever. Israel stepped up its offensive after the rare pager and walkie-talkie explosionFxstreet
Fri, Sep 20
Gold price consolidates near record high, bullish potential seems intact
Gold price (XAU/USD) regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve's (Fed) decision to start the policy easing cycle with an oversized rate cut.Fxstreet
Fri, Sep 20
