Gold prices rose to an all-time high
on Monday as a cocktail of factors from U.S. rate cut
expectations, China s stimulus measures to geopolitical tensions
lifted demand, with the momentum also. -May 20, 2024 at 11:54 am EDT
- MarketScreener
Gold prices raced to a record high yet again on Wednesday, after Federal Reserve Chair Jerome Powell reiterated that recent readings on job gains and higher-than-expected inflation do not materially change the overall picture of economic policy this year.
Gold prices hit a fresh record high
for the fourth straight session on Wednesday, as a cocktail of
factors from growing tensions in the Middle East, U.S. interest
rate cut expectations and sticky.
Gold stood out among precious metals with an increase on Tuesday, reaching another more than two-week high. Whether it was gold or the other metals, their price changes were slight. Gold for April delivery rose by $6.30, or 0.3%, to settle at $2,050.90 an ounce on the Comex division of the New York Mercantile Exchange.
Spot gold was up 0.2% at $2,035.32 per ounce by 12:09 p.m.(1709 GMT), after hitting its highest since Jan. 16 earlier in the session. US gold futures rose 0.5% to $2,034.20.