Gold investors see gains in rate-cut era from ETFs, haven buying
Big banks also see gold gaining more ground. Goldman Sachs Group Inc. is forecasting prices to rise to $2,700 an ounce by early next year, while UBS Group AG sees them hitting that mark by mid-year. Citigroup Inc. is even more bold, predicting back in April that bullion could break the $3,000 an ounce barrier by mid-2025.
On the eve of this latest Federal Open Market Committee decision, gold closed at $2,568 just off the prior day’s latest ...
The Federal Reserve’s hefty interest rate cut may prime a bubble in risk assets, Bank of America (BofA) said in outlining ...
Goldman Sachs reiterated its optimistic outlook on gold prices on Monday, citing central bank demand and the imminent ...
Bullion climbed as much as 0.5% to a high of $2,589.70 an ounce, extending last week’s 3.2% gain, ahead of the Fed’s Sept. 17-18 meeting that’s widely expected to result in a rate cut of at least ...
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Bitcoin, Gold May Be Sensing Monetary Debasement as Records BeckonWith both assets leading the market, here's a closer look at the factors driving their remarkable performance.
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In light of the progress on inflation and the balance of risks, the Fed decided to lower the target range for the federal ...
"The Fed is more worried about the labor market and less concerned about inflation at this point," a Glenmede analyst said.
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