Gold hits record high
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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 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…
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 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…
In the world of Bullion Investment, individuals go through distinct stages on their investment journey.
From being a pre-investor with little Bullion Investment knowledge to becoming a proactive investor, these stages mark the evolution of one's financial security.
We will explore the stages and how they influence your path to Bullion holdings and growth.
Pre-Investor Stage:
At the outset,…
Gold was moving closer to its all-time high as investors sped up bets the Federal Reserve will start cutting interest rates next year.
Traders are increasingly positioning for a hard economic landing and aggressive Fed policy easing next year, with speculators in the US Treasury market now the most bullish on record, according to a weekly…