Gold prices witnessed their best monthly performance since March on Wednesday, driven by geopolitical concerns and expectations of an interest rate cut in September, with attention turning to the U.S. Federal Reserve’s upcoming policy decision. As of 1341 GMT, spot gold rose 0.7% to $2,424.29 per ounce, marking a gain […]
U.S. Federal Reserve
Oil prices declined on Monday following President Joe Biden’s announcement that he would not pursue a second term, while investors speculated about potential U.S. interest rate cuts as early as September. By 1327 GMT, Brent crude futures had decreased by 68 cents, or 0.82%, to $81.95 per barrel. U.S. West […]
Gold prices were set for their second consecutive weekly gain on Friday as demand increased due to expectations surrounding U.S. Federal Reserve interest rates. Meanwhile, palladium, used in auto-catalysts, surged over 8%. Spot gold was down 0.2% at $2,354.86 per ounce as of 09:31 a.m. ET (1331 GMT). Despite this […]