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Gold poised for a weekly and monthly gain early Friday supported by U.S. rate-cut bets and geopolitical uncertainty, as a key U.S. inflation measure comes in as expected. The Fed’s favorite inflation measure, personal consumption expenditures price index, rose 0.2% for July, inline with expectations. This is up 2.6% from a year ago which is … Read more
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Enter your name, number and email, and click “Get Free Guide” *Valid information is required to receive this FREE Investment Guide. By requesting this guide you agree to be contacted by us via email or phone & to be added to our newsletter/email offers. You can unsubscribe at any time. We will NEVER sell your … Read more
Gold little changed Wednesday morning ahead of Friday’s economic reports. The yellow metal was steady above $2,500 an ounce but did lose a little ground on a stronger dollar. The central bank is overwhelmingly expected to begin interest rate cuts next month amid positive inflation data and signs that the labor market is weakening. Fed … Read more
Gold steady and little changed near record levels early Monday after surging in the previous session on Fed rate cut anticipation, after Fed Chairman Jerome Powell seemed to confirm the central bank’s plans to begin interest rate cuts next month. Powell, speaking at the central bank’s annual conference in Jackson Hole, Wyoming, on Friday, said … Read more
Gold proves the rally isn’t over by reaching another record high. These impressive moves attract many investors, yet many are unprepared for what is likely to happen next. In this week’s The Gold Spot, Scottsdale Bullion & Coin Precious Metals Advisors Kathem Martin and Precious Metals Advisor Todd Graf explain what’s fueling the yellow metal’s … Read more
Gold falls early Monday from near a record high above $2,400 an ounce as geopolitical tensions lessen and expectations grew that the Federal Reserve will delay the central bank’s planned interest rate cuts. Gold came under pressure as Israel and Iran refrained from escalating their conflict following tit-for-tat air strikes last week. The prospect of … Read more
Gold steady early Monday after hitting last week’s record high on Friday. Investors now await the latest inflation data for further signals on the timeline of U.S. interest rate cuts. The U.S. consumer price index is scheduled for release Tuesday with March data. The Federal Reserve closely tracks both labor market and inflation data when … Read more