Gold prices hit record high as rate cut cheer persists
Investing.com-- Gold prices hit a record high in Asian trade as the yellow metal benefited from persistent cheer over lower U.S. interest rates, with uncertainty before a storm of cues this week also buoying prices.
Lower rates bode well for gold, given that they reduce the opportunity cost of investing in non-yielding assets. Lower rates also reduce the appeal of the Beyond the Fed, central bank meetings in Switzerland and Sweden are both expected to yield interest rate cuts this week, with most global central banks set to kick off easing cycles in tandem with the Fed.Among industrial metals, copper prices rose gingerly on Monday, although optimism over lower rates also boosted the red metal in recent sessions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wolverine Lore Changes Forever with Introduction of GOLD ADAMANTIUMwolverine with gold claws and an ingot of gold metal
Read more »
Meet the gold standard in neural implants: soft gold nanowiresIn today's episode we sit down with Linköping University's Klas Tybrandt to discuss his team’s innovative use of gold nanowires in soft neural implants.
Read more »
Asante Gold Starts Mining at Russel Pit at Bibiani Gold Mine in GhanaAsante Gold has commenced mining operations at the Russel starter pit at its Bibiani gold mine in Ghana. The company received all necessary permits earlier this week, and first mineralized material has been transported to the Bibiani process plant.
Read more »
What is happening to Gold exports while Gold prices continue to increase?The Swiss customs authority published data on Gold exports on Thursday.
Read more »
Nerves of gold: exploring the future of soft gold nanowiresJoin us in our latest episode as we sit down with Klas Tybrandt to explore the innovative use of gold nanowires in medical applications.
Read more »
Afghanistan Withdrawal Gold Star Mother Snubs Chuck Schumer at Congressional Gold Medal CeremonySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »