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Expectations of aggressive Fed rate cuts propel Gold – Commerzbank
Gold price surpassed its previous all-time high and reached a new record level of $2,570 per troy ounce on Friday, supported by expectations that the US Federal Reserve will cut interest rates aggressively, Commerzbank’s Commodity Analyst Carsten Fritsch notes.Fxstreet
Sep 13, 2024
Natural Gas pops as concerns over tropical storm Francine, Russian supply outweigh downbeat demand outlook
Natural Gas is trading near $2.58 on Friday, up for a fourth straight day in a row. The prices rally comes amid increasing concerns around the impact of tropical storm Francine as the US Gas supply might face disruptions due to the closure of severalFxstreet
Sep 13, 2024
Gold gets lift as media revives debate over Fed rate cuts
Gold (XAU/USD) is exchanging hands in the high $2,560s on Friday, trading about 0.40% higher on the day after posting new record highs on Thursday when it broke decisively out of a range it had been oscillating in since it peaked on August 20.Fxstreet
Sep 13, 2024
Gold price advances to fresh record high amid hopes for an oversized Fed rate-cut
Gold price (XAU/USD) touched a fresh all-time peak, around the $2,563-2,564 region during the Asian session on Friday amid expectations for a more aggressive policy easing by the Federal Reserve (Fed).Fxstreet
Sep 13, 2024
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