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Month: September 2024

Dollar Falls amid Major Rate Cut Anticipation

The US dollar index fell more than 0.5% Today after China’s aggressive stimulus moves buoyed risk appetite, with growing bets of another outsized US rate cut in November adding to headwinds for the greenback.

Against a basket of currencies, the US d…

Gold Jumps to Record High on Rate Bets, Weaker US Dollar

Gold scaled another high today, boosted by a softer US dollar and hopes of more interest rate cuts.

Spot gold rose 0.2% to $2,661.53 per ounce. Bullion hit an all-time high of $2,670.43 earlier.

US gold futures gained 0.3% to $2,686.10. The dollar …

Gold Jumps to Record High on Rate Bets, Weaker US Dollar

Gold scaled another high today, boosted by a softer US dollar and hopes of more interest rate cuts.

Spot gold rose 0.2% to $2,661.53 per ounce. Bullion hit an all-time high of $2,670.43 earlier.

US gold futures gained 0.3% to $2,686.10. The dollar …

Gold Jumps to Record High on Rate Bets, Weaker US Dollar

Gold scaled another high today, boosted by a softer US dollar and hopes of more interest rate cuts.

Spot gold rose 0.2% to $2,661.53 per ounce. Bullion hit an all-time high of $2,670.43 earlier.

US gold futures gained 0.3% to $2,686.10. The dollar …