Gold (XAUUSD) and Silver Hit New Highs Ahead of Fed Decision as US Dollar Weakens
Gold broke to new highs as rate cut expectations, central bank buying, and a weaker dollar fueled bullish momentum in precious metals, with technical breakouts and safe-haven demand supporting further upside ahead of the Fed's decision.
Gold hits record high as Fed set to cut interest rates
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.
Gold Hasn't Rallied This Much Since 1979
A 39% price jump this year puts the precious metal on track for a greater annual price increase than during the depths of the Covid pandemic or 2007-09 recession.
Gold Hits a Record. More Will Follow, These Market Strategists Say.
Rate cuts, dollar weakness, and political risk all bode well for bullion, UBS investment strategists say. Plus, market newsletter commentary on S&P 500 price targets, AI skepticism, and emerging markets.
Wall Street bullish as ever after gold maintains its gains, Main Street more cautious ahead of Fed rate decision
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.
Gold has hit record highs more than 30 times this year. Is it too late to buy in?
When an investment does as well as or better than you hoped it would, what do you do next? That's the dilemma for gold investors, who have seen prices for the precious metal settle at record highs more than 30 times so far this year.
Winder: U.S. budget and trade deficits are fueling Western gold demand
Lawson Winder, Senior Metals & Mining Analyst at BofA Securities, discussed gold's record rally, Agnico Eagle as his top pick, platinum inflows on tight supply, and silver's potential to outperform.
Gold price up on safe-haven buying, bullish charts
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.
Ray Dalio pushes gold as shield as US markets risk ‘heart attack'
Speaking at a panel for Abu Dhabi Finance Week, Dalio warned that surging US debt costs are clogging the economy the way plaque builds up in arteries.
Disappointing US labor market data continues to support higher gold prices
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.
Gold has a September trading pattern that could surprise investors this time
Seasonal strength doesn't show up year after year.
Gold (XAUUSD) & Silver Price Forecast: Fed Rate Cut Bets Clash with Equity Market Rally
Gold slips to $3,629 as equities rally and dollar firms, but Fed rate cut bets and safe-haven demand keep downside limited. Silver tracks cautiously at $41.04.
