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Well, there is only one big reason that could cause the gold price to fall. US interest rates and gold prices (measured in dollars) tend to have a negative corelation. This means they tend to move in ...
Gold prices on Thursday hit record highs for the fifth time this month after the U.S. Federal Reserve signalled it would press ahead with three rate cuts in 2024 despite elevated inflation. Spot gold ...
Anticipated rate cuts and central bank buying, led by China, spike gold (XAU/USD) prices as markets react positively to Fed’s dovish stance.
On Thursday, the gold prices in Pakistan showed a massive increase, taking the cost of 24-karat gold to Rs232,400 per tola after reporting a jump of Rs4,600.
Gold prices jumped to a new high of above $2,200 an ounce on Thursday, following the US Federal Reserve maintaining its outlook for three rate cuts this year. Bullion advanced to a record in early ...