Alongside a robust advance in the tech sector (2.4%) and increased expectations of a Fed rate cut in December, major US Stock benchmarks had a good day yesterday.
Gold edges higher. Prices have been supported by Fed rate cuts' expectations, amid dovish comments from central bankers, ANZ Research said.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
The former Fox News host has launched a precious-metals company.
Gold prices are flat in Asian trade. Shifting market expectations for the Fed's next monetary policy move and solid demand by central bank are creating indecision in gold price movements, Forex.com by StoneX said.
Gold has emerged as the market's outperformer, holding strong above support as the S&P 500 retreats under liquidity stress, signalling a broader shift from growth assets to hard assets.