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Zimbabwe is using the funds generated from its platinum exports to repay a $400 million loan from the African Export-Import Bank, as the financially strained nation leverages its mineral wealth to establish lines of credit. The southern African nation’s reliance on its platinum resources to secure borrowing reflects the difficulty Zimbabwe faces in getting loans from…

Gold

December 5, 2023512Views 0Likes 0Comments

Gold price hits all-time high as traders bet on interest rate cuts

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. The price…

Gold

December 5, 2023496Views 0Likes 0Comments

Gold prices hit record high as expectations rise for the to Fed cut interest rates in 2024

Gold prices hit a record high of $2,152.30 per ounce on Monday, according to the NYMEX continuous gold contract. The price of gold has been steadily rising in 2023, with the commodity up 14% year to date. The rally comes as investors price in interest rate cuts from the Federal Reserve in 2024. Gold prices hit a record…

Gold

December 4, 2023433Views 0Likes 0Comments

Gold Prices Forecast: XAU/USD Hits Record High Amid Powell’s Rate Cut Hints

XAU/USD soared, with gold futures rallying on Powell’s dovish speech and a weak dollar, amid bullish trends and Fed rate decision anticipation. Highlights XAU/USD hits all-time high, influenced by Powell’s dovish tone. Spot gold surpasses 2020 peak, futures at $2,089.7. Market reacts to Powell’s speech; Treasury yields drop. Fed’s December rate decision eyed, amid bullish gold forecasts. Gold Market This Week:…

Gold

December 1, 2023531Views 0Likes 0Comments

Gold is a remarkable element

Gold is a remarkable element with exceptional properties that require no introduction. It boasts extraordinary characteristics, being among the densest metals, highly malleable and ductile, and an excellent conductor of both heat and electricity. Among the various forms of gold, the rarest are gold crystals, constituting less than 1% of all gold discoveries. It's worth noting that an estimated…

Gold

December 1, 2023459Views 0Likes 0Comments

Gold prices down but largely ignore in-line 3.5% rise in PCE core inflation

Inflation pressures rising in line with expectations are not having much impact on the gold market as prices remain below critical resistance at $2,050 an ounce. The U.S. Department of Commerce said its core Personal Consumption Expenditures price index increased 0.2% last month, compared to September's increase of 0.3%. The data provided no surprise for markets,…

Gold

December 1, 2023547Views 0Likes 0Comments

Gold Price Forecast: XAU/USD to challenge its record of $2,089 before year-end – MUFG

Gold has hit a six month high. Economists at MUFG Bank analyze the yellow metal’s outlook. Gold posed for a run to a record as seasonality takes hold Bullion’s ascent has been sufficiently acute and powerful that a challenge of its record of $2,089 set in August 2020 seems inevitable before year-end. With a new month…

Zimbabwe is paying $400 million Afrexim Bank debt with platinum exports

Gold price hits all-time high as traders bet on interest rate cuts

Gold prices hit record high as expectations rise for the to Fed cut interest rates in 2024

Gold Prices Forecast: XAU/USD Hits Record High Amid Powell’s Rate Cut Hints

Gold is a remarkable element

Gold prices down but largely ignore in-line 3.5% rise in PCE core inflation

Gold Price Forecast: XAU/USD to challenge its record of $2,089 before year-end – MUFG

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