Metals Prices Expected to Be Steered by Fed Bets - Market Talk -- Market Talk
The price of gold soared to a new high! Gold stocks exploded collectively, surging by more than 19%. What happened overnight?
Gold and silver prices soared, spurred by the ECB's announcement of interest rate cuts and expectations that the Federal Reserve would cut interest rates. On Thursday evening, spot gold rose more than 2,560 US dollars/ounce during the intraday period, reaching a record high. Affected by this, US gold stocks strengthened across the board. Coldron Mining soared by more than 19%, and Hecla Mining surged nearly 9%.
Gold Marks Fresh Record High as Inflation Data 'Set the Stage' for Fed Rate Cut
Shares of Precious Metals Stocks Are Trading Higher as Gold and Silver Rise Amid a Drop in the US Dollar Following Recent Inflation Data.
Three bullish factors hit, gold hits another historical high!
Gold is booming, where is the next challenge?
Gold Futures End Lower