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Gold price reaches new record high near $2,800
Gold price skyrockets to a new all-time high (ATH) of $2,798 on Thursday after economic data from the United States (US) indicated the economy is slowing down, warranting the Federal Reserve (Fed) to lower interest rates despite holding them steady at Wednesday’s meeting.
Fxstreet
Jan 30, 2025
Gold edges higher ahead of US GDP release
Gold’s price (XAU/USD) trades back above $2,765 at the time of writing on Thursday and looks to be on its way again to a fresh all-time high. Bullion could not make that happen on Wednesday after a rather hawkish Federal Reserve (Fed) decision onFxstreet
Jan 30, 2025
Base metals inventories rise due to weak consumption – ING
The latest data from the Shanghai Futures Exchange (SHFE) shows that weekly inventories for most of the base metals rose over the reporting week primarily due to weak consumption just ahead of the Lunar New Year holidays, ING's commodity experts Ewa Manthey and Warren Patterson note.
Fxstreet
Jan 30, 2025
European gas prices surge – ING
European gas prices jumped to the highest level since October 2023 yesterday as unexpected supply disruptions and colder weather forecasts worsened the supply threats in an already tight market, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Jan 30, 2025
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