简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Gold has surged to a record high of $2,625.89 an ounce, driven by trader expectations ahead of significant U.S. economic data that could signal whether last week’s 50-basis-point interest rate reduction by the Federal Reserve is the start of a series of aggressive cuts. This latest increase marks a 0.2% rise, eclipsing the previous record set just days ago.
According to analysis, gold has surged to a record high of $2,625.89 an ounce, driven by trader expectations ahead of significant U.S. economic data that could signal whether last weeks 50-basis-point interest rate reduction by the Federal Reserve is the start of a series of aggressive cuts. This latest increase marks a 0.2% rise, eclipsing the previous record set just days ago.
Market participants are eagerly awaiting key economic indicators, including the U.S. personal consumption expenditures (PCE) index and jobless claims, which are due for release later this week. These reports are expected to offer valuable insights into the effectiveness of the Fed's recent policy shift and its potential implications for future rate adjustments.
Fed Governor Christopher Waller indicated his support for additional quarter-point cuts in the upcoming policy meetings in November and December, contingent on the economy unfolding as he predicts. He also noted that a more substantial half-percentage-point cut could be warranted if labor market conditions deteriorate.
In addition to economic factors, escalating tensions in the Middle East are capturing the attention of gold traders. Fears of a broader conflict involving Hezbollah and Israel may enhance gold's reputation as a safe haven, contributing to its upward trajectory.
As of 10:44 a.m. in Singapore, spot gold was priced at $2,624.44 an ounce, following a 1.7% rise last week. Meanwhile, the Bloomberg Dollar Spot Index remained stable, while other precious metals, including silver, palladium, and platinum, experienced slight declines.
With both economic and geopolitical factors at play, golds status as a protective asset continues to strengthen, making it a focal point for investors navigating uncertain waters.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
An indictment was leveled against two men in the District of Puerto Rico for their alleged involvement in the operation and promotion of OmegaPro, an international investment scheme that has led to financial losses worth over $650 million for investors. Check more about this story
Spain's financial watchdog, the National Securities Market Commission (Comisión Nacional del Mercado de Valores, CNMV), has issued warnings against 10 unlicensed forex brokers operating without proper authorization.
Regulatory compliance is the foundation of broker trustworthiness, ensuring transparency, client protection, and ethical trading in the forex market.
Learn what makes a forex broker reliable in 2025. Explore key features like fast execution, tight spreads, and transparent pricing for smarter trading decisions.