Gold ( GC=F) hovered near record highs Thursday, supported by the Fed’s jumbo rate cut and a weakening dollar. Analysts ...
The Federal Reserve didn’t just cut interest rates at its September meeting. It cut BIG, opting for a 50-basis point move.
Gold prices climbed after the Fed’s rate decision, with after-hours gold futures and SPDR Gold shares both higher from being flat before confirmation of the cut.
Spot gold price hit a new peak of $2,625 per ounce while the MCX gold rate ended at the ₹74,014 mark, ₹717 away from the ...