TAG: US gold
Gold gains on soft dollar, rate cut hopes
Gold prices climbed more than 1% on Monday, as the U.S. dollar weakened after softer-than-expected U.S. jobs data fueled expectations of potential interest rate cuts by the Federal Reserve later this year.Spot gold rose 0.8% to $2,320.95 per ounce by 1503...
5 months ago
Gold trades near historic $2,500 mark on Fed rate-cut optimism
Gold prices eased on Monday, but hovered around historic $2,500 level, as traders locked in profits following bullion's climb to an all-time peak in the previous session on expectations of a U.S. interest rate cut next month.Spot gold was down 0.2% at $2,...
1 month ago