Fed Delivers Large Rate Cut In Bid To Sustain Labor Market; Stocks, Gold Set New Record highs: This Week In The Markets
In its September meeting, the Federal Reserve cut interest rates by 50 basis points, lowering the target range to 4.75%-5%. This bold move defied most economists’ predictions, who had anticipated a more modest 25-basis-point reduction.
With new easing cycle from the Fed kicking off, tech "bubble risks" are back, Bank of America strategist Michael Hartnett ...
Spot gold was up 1.3 percent at $2,620.63 per ounce by 1:43 p.m. ET, while U.S. gold futures settled 1.2 percent higher to $2 ...
Bullion climbed as much as 0.5% to a high of $2,589.70 an ounce, extending last week’s 3.2% gain, ahead of the Fed’s Sept. 17-18 meeting that’s widely expected to result in a rate cut of at least ...
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Bitcoin, Gold May Be Sensing Monetary Debasement as Records BeckonWith both assets leading the market, here's a closer look at the factors driving their remarkable performance.
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.
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