Gold price

2024 - 7 - 17

Gold Rush: The Meteoric Rise of Gold Prices to All-Time Highs

Economic conditions - Federal Reserve - Gold price - Investing - Trump administration

Dive into the dazzling world of gold as prices shatter records, fueled by Fed rate cut expectations and political uncertainties. Discover why investors are flocking to this precious metal like never before!

In a spectacular turn of events, gold prices have soared to unprecedented levels, reaching all-time highs driven by speculation of Federal Reserve rate cuts and the political landscape in the U.S. By 11:01 a.m. ET, spot gold surged by 1.3% to an astonishing $2452.29 per ounce, while U.S. gold futures for August delivery experienced a 1.2% rise. Investors are closely watching the markets as gold's value continues to climb amidst increasing bets on rate cuts and election uncertainties.

The gold rush intensifies as prices hit new milestones, with the metal reaching $2,469, setting a new all-time high. The ongoing expectations of a Fed rate cut in September further fuel this surge, with political factors such as the potential impact of a second Donald Trump presidency adding to market volatility. The allure of gold as a safe-haven asset shines brightly in these uncertain times, attracting both seasoned traders and new investors.

As gold surpasses the $2470 mark, the spotlight remains on the Federal Reserve's upcoming decisions and the evolving political climate. Investors are closely monitoring these crucial gold price levels as the metal continues to break records. With the current economic uncertainties, the appeal of gold as a secure investment option grows stronger, leading to a surge in demand and trading activity.

In a remarkable display of market dynamics, gold prices soar to record highs driven by the optimism surrounding potential Fed rate cuts. The precious metal's resilience and appeal in times of economic turbulence are evident as investors flock to gold for stability and profit potential. The ongoing trend of gold's ascent highlights the significant role it plays in portfolios as a valuable asset that outshines traditional investments.

Interesting Fact: Gold hit a new all-time high of $2,469 on one of the recent trading days, catching the attention of global investors seeking secure assets. Another fascinating fact: The surge in gold prices is not only influenced by economic factors like Fed decisions but also political events such as potential U.S. elections, indicating the multi-dimensional impact on the gold market.

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Image courtesy of "Livemint"

Gold price today: Precious metal reaches all-time high on Fed rate ... (Livemint)

By 11:01 a.m. ET (1501 GMT), spot gold increased by 1.3 per cent to $2452.29 per ounce, while U.S. gold futures for August delivery rose 1.2 per cent to ...

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Image courtesy of "Financial Times"

Gold price driven to record high by bets on Fed rate cuts and Trump ... (Financial Times)

Gold prices surged to a record high on Tuesday as growing prospects of a series of Federal Reserve interest rate cuts this year and a second Donald Trump ...

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Image courtesy of "FXStreet"

Gold hits new all-time high as US yields tumble, buyers eye $2500 (FXStreet)

Gold price hits an all-time high of $2,469 on growing expectations of a Fed rate cut in September. Trump's potential election win fuels market volatility, ...

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Image courtesy of "The Business Times"

Gold soars to record peak as US rate-cut bets burnish appeal (The Business Times)

GOLD prices jumped to an all-time peak on Wednesday (Jul 17), driven by mounting hopes of a US interest rate cut in September after recent comments from ...

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Gold price surpasses $2470 for a new all-time high (MINING.com)

Gold has set another all-time high as expectations for Federal Reserve rate cuts grow while some traders ramped up bets on a second Donald Trump presidency.

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Image courtesy of "Investopedia"

Watch These Important Gold Price Levels As Metal Hits Record High (Investopedia)

Gold prices climbed to a new record high on Tuesday as investors move into the precious metal amid rising expectations that the Federal Reserve will lower ...

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Image courtesy of "Reuters"

Gold sprints to all-time high as Fed rate-cut hopes boost demand (Reuters)

Gold prices jumped more than 1% to a record high on Tuesday, as investors flocked to the safe-haven asset after comments from Federal Reserve officials ...

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Image courtesy of "The Straits Times"

Gold soars to record as US rate-cut bets burnish appeal (The Straits Times)

BENGALURU – Gold prices jumped to an all-time peak on July 17, driven by mounting hopes of a US interest rate cut in September after recent comments from ...

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Image courtesy of "CNBC"

Gold prices extend gains to hit new record on Fed rate cut optimism (CNBC)

Gold prices continued to notch new records Wednesday, lifted by increasing conviction that the Federal Reserve will cut interest rates in September ...

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Rising US rate cut optimism steers gold to all-time high (Reuters)

Gold prices hit a record high on Wednesday, as comments from Federal Reserve officials boosted expectations of a September interest rate cut in the U.S..

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Image courtesy of "Vietnam Investment Review"

Gold price hits record high on rate cut expectations (Vietnam Investment Review)

The price of gold soared Tuesday to a record peak, propelled by trader expectations of falling US interest rates in September as inflation cools.

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Image courtesy of "Global Times"

Gold price edges higher, could reach $3000 per ounce amid a ... (Global Times)

Prices of spot gold and futures have reached a new high on Wednesday. Facing a rapidly evolving global economy, gold, a traditional safe haven asset, ...

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Image courtesy of "Livemint"

Gold price today: Yellow metal surges to new all-time high on Fed ... (Livemint)

As of 1402 GMT, spot gold rose 0.5% to $2480.75 per ounce, after reaching an all-time high of $2482.29 earlier in the session. U.S. gold futures increased ...

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Gold Price Forecast: XAU/USD retreats from record highs, retains ... (FXStreet)

Spot Gold rallied to an all-time high of $2483.60 on Wednesday as market players kept dampening the US Dollar on the back of mounting speculation the ...

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Gold price sets new high as traders bet on Fed rate pivot - MINING ... (MINING.com)

Bullion climbed to an all-time high of $2483.73 an ounce on Wednesday, before paring gains.

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Gold price retreats from record high despite Fed rate cut speculation (FXStreet)

Gold prices retreated as investors took profits after the yellow metal rallied to an all-time high of $2483 earlier during the North American session on ...

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Gold price in Philippines: Rates on July 18 (FXStreet)

FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily ...

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Gold price trades with modest gains, remains close to all-time peak ... (FXStreet)

Gold price (XAU/USD) ticks higher during the Asian session on Thursday and for now, seems to have stalled its retracement slide from a fresh record high ...

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Gold prices just shattered another record: 3 big reasons to buy in now (CBS News)

There are a few reasons you may want to invest now that the price of gold has reached yet another new record high.

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Gold price in United Arab Emirates: Rates on July 18 (FXStreet)

Gold prices remained broadly unchanged in United Arab Emirates on Thursday, according to data compiled by FXStreet.

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Gold Forecast: XAU/USD keeps sight on $2500 amid trade woes ... (FXStreet)

Gold price has found fresh demand above $2450 in early trading on Thursday, looking to regain upside momentum, following a brief correction from a new ...

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