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%.
Three bullish factors hit, gold hits another historical high!
Gold is booming, where is the next challenge?
Gold Futures End Lower
Express News | According to CryptoQuant, the trend of bitcoin has decoupled from gold, with investors seeming to prefer gold.
USA CPI suppresses the expectation of a substantial interest rate cut, and the gold price may need some time to reach a new historical high again.
Gelonghui September 11th | As the US inflation data prompted investors to lower their expectations for a significant rate cut by the Federal Reserve next week, the US dollar and US Treasury yields strengthened, causing gold prices to fall.