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Gold prices react to US Fed rate cut
Gold prices near record, set for weekly gains on Fed rate-cut boost
Gold hovered near record levels on Friday and was on track for a weekly gain after the U.S. Federal Reserve's recent oversized interest rate reduction and on signs that further cuts were on the horizon.
What will happen to gold prices after the Fed cuts rates?
Sustained demand from investors is also helping to drive the price uptick and will likely play a role in future price growth. As more investors buy gold to capitalize on its upward price trajectory (or gain access to the many other benefits it offers), the price of gold is likely to climb.
Gold Rises to Record After Fed Makes First Rate Cut Since 2020
Gold pulled back from a record high after Federal Reserve Chairman Jerome Powell signaled policymakers aren’t in a rush to aggressively lower interest rates following Wednesday’s half percentage point cut by the US central bank.
India, IIFL Finance and gold loan
India's IIFL Finance jumps 13% after cenbank lifts gold loan ban
By Dimpal Gulwani and Siddhi Nayak BENGALURU/MUMBAI (Reuters) -Shares of India's IIFL Finance surged 13% on Friday, after the country's central bank revoked an earlier ban on the non-bank lender's gold loan business.
IIFL Finance Shares Surge 13% As RBI Lifts Six-Month Ban On Gold Loan Business
IIFL Finance Limited shares on Friday (September 20) experiences a sharp increase in its stock price. This surge in stock prices was in response to a major announcement from the Reserve Bank of India (RBI).
IIFL Finance surges over 10% after RBI lifts restrictions on gold loan business
Shares of IIFL Finance rose as much as 13 per cent to Rs 560.60 after the Reserve Bank of India ( RBI ) lifted restrictions on the company' gold loan business. The RBI had imposed restrictions on IIFL for disbursing gold loans on March 4.
Hidden Figures, Congressional Gold Medal
NASA's 'Hidden Figures' awarded Congressional Gold Medal for groundbreaking work
The Black NASA female mathematicians and aeronautical engineers referred to as the "Hidden Figures" were awarded the Congressional Gold Medal this week.
‘Hidden Figures’ honored with Congressional Gold Medals
Four pioneering Black women received Congressional Gold Medals for their contributions to early efforts at space exploration during a formal ceremony at Emancipation Hall in the U.S. Capitol, Wednesday.
'Hidden Figures' of the space race receive Congress' highest honor at medal ceremony
The hidden figures of the space race were recognized with Congress’ highest honor at a medal ceremony on Wednesday. The Congressional Gold Medal was presented to the families of Katherine Johnson, Dorothy Vaughan,
Gold, crude oil
Commodity update: Gold hits new high above $2,600, crude oil eases
Gold touched record high levels on Friday, surging above $2,600 mark after the Federal Reserve started easing with a jumbo 50bps rate cut, while crude oil prices eased, but on track for a second weekly gain.
Gold hits record high on weak dollar, Middle East tensions
Spot gold prices hit a record high on Friday as a weak dollar, expectations of more U.S. interest rate cuts and tensions in the Middle East more than offset muted physical demand in Asia. Spot gold was up 1.
Gold Strikes Fresh Record High Above $2,609
The price of gold rose to a fresh record high of more than $2,609 on Friday as the prospect of fresh US interest rate cuts boosted demand for the precious metal.
34m
How I Use The Amex Gold To Travel The World For (Mostly!) Free
When I first started learning about points and miles, I was mostly interested in how to travel for free. There were a lot of ...
1d
on MSN
How high will gold prices climb this October? Here's what experts think
Experts are bullish on gold for October, despite some market uncertainty. Here's what investors should consider now.
1d
Gold price today: Gold is down 0.08% today
The price of gold traded at $2,576.19 per troy ounce, as of 9 a.m. ET. That’s down 0.08% from yesterday’s gold price per ...
22h
on MSN
A gold mining town in Congo has become an mpox hot spot as a new strain spreads
Congo's South Kivu province is at the epicenter of the world’s latest mpox outbreak, in what the World Health Organization ...
2d
Gold Apollo says Budapest-based BAC produces model of pagers used in Lebanon blasts
The model of pagers used in detonations in Lebanon were made by Budapest-based BAC Consulting, Taiwanese pager firm Gold ...
2d
Emily Gold, teen dancer on 'America's Got Talent,' dead at 17
Teen dancer Emily Gold, who was featured on the latest season of "America's Got Talent," was found dead Friday. She was 17.
55m
Factbox-How Investors Buy Gold and What Drives the Market
London is the most influential hub for the spot gold market, largely because of the London Bullion Market Association (LBMA).
16h
on MSN
Should you buy gold bars and coins as interest rates fall?
You may be able to get a discount if you buy gold in bulk now.
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