You have not yet added any article to your bookmarks!
Join 10k+ people to get notified about new posts, news and tips.
Do not worry we don't spam!
Post by : Badri Ariffin
On Monday, gold prices soared to new heights, fueled by growing investor confidence that the US Federal Reserve will persist with interest rate cuts into the next year.
The precious metal hit an intraday high of $4,383.76 during early trading, driven by renewed optimism following recent US economic reports. These indicated softening labor market conditions and cooling inflation, reinforcing the argument for further monetary easing by the central bank.
With lower interest rates, gold becomes increasingly appealing, as it does not yield interest compared to other investments.
This surge on Monday surpassed the previous record of $4,381.52 last seen in October, marking a significant milestone against a backdrop of growing global economic uncertainty.
Investors remain attentive to upcoming economic indicators and policy cues from the Federal Reserve, as expectations for extended rate cuts continue to drive gold's upward momentum.
PSG Coach Luis Enrique Urges Players to Step Outside Comfort Zone
PSG coach Luis Enrique says players must leave their comfort zone and keep improving as the club tar
China’s Tiangong Sets New 400m Record at Robot Olympics
China’s Tiangong robot sets a new 400m record at the Robot Olympics, beating a South African robot i
George Russell Wins Dutch GP Sprint, Boosts Mercedes Morale
George Russell wins the Dutch GP Sprint from pole as Mercedes teammate Kimi Antonelli extends his F1
Australia 50/3 After Bangladesh Bowled Out for 64 in Second Test
Australia reached 50/3 after Bangladesh were bowled out for 64 in the second Test, with Mitchell Sta
Jordan Burroughs Returns to Wrestling with 2028 Olympic Dream
Jordan Burroughs returns to wrestling with Real American Freestyle as the Olympic champion eyes a po
Lamborghini Catches Fire on Singapore's ECP, Causing Heavy Traffic
A Lamborghini caught fire on Singapore's ECP, causing heavy traffic and bus delays. No injuries were
