Gold climbed to hover near all-time highs. Analysts expect it to go higher.
Gold futures climbed to trade just above $2,600 after touching fresh records in the prior session immediately after the Federal Reserve
The precious metal, which is priced in dollars, becomes more affordable to foreign buyers as the currency weakens. Lower rates also make gold attractive to investors, as it doesn't provide an annual yield. The firm predicts a price target of $2,700 by early 2025 as Western capital pours into ETFs, central banks continue to hoard the precious metal, and investors seek a hedge against geopolitical conflicts and recessionary risks.Historically, Fed rate cuts have been followed by a sharp rise in gold prices, such as during the 2008 financial crisis and the 2020 pandemic.Dramatizing toxic relationships can be tricky, just ask the filmmakers and cast of “It Ends With Us.
"There is a war going on," Vinny Guadagnino warns in PEOPLE's exclusive trailer for part 2 of 'Jersey Shore Family Vacation' season 7The group Students for Fair Admissions , which successfully sued Harvard to end affirmative action in admissions, is now challenging universities' compliance with the Supreme Court’s ruling.
Gold Bullion Prices The Fed Precious Metal Record Highs
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold SWOT: Holdings in gold ETFs expanded again in AugustThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Agnico, New Gold, Iamgold seen as possible buyers for shuttered Eagle Gold mineFor Yukon and other creditors of Victoria Gold, the preferred financial outcome is an eventual sale of the mine to a new operator with that entity paying creditors back the highest amount possible
Read more »
Hunting for value in gold stocks as bullion hits record highsAre interest rates, the price of gold and gold stocks in sync?
Read more »
Bitbot Lists to Roaring Success: Analysts Predict 100X PotentialIt’s only a few days into open market trading, but the BITBOT token is showing early signs of promise since it is listed on Uniswap. At...
Read more »
Bitcoin price spikes above $58k, analysts predict $90k ‘before you know it’The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
BMO analysts make changes to their ‘best’ stock ideas listDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Read more »