Gold extends gains over 1% as US PPI data solidifies rate cut hopes
Gold rose over 1% on Friday after a U.S. inflation data cemented prospects of a rate cut next month, restraining the dollar below recent highs, while safe-haven demand stemming from the geopolitical tensions in the Middle East also lifted the bullion.
If you're waiting for gold prices to drop before buying in, you may want to rethink that strategy. Here's why.
Gold is up 26.74% from the beginning of the year, as of 9 a.m. ET. The 52-week intraday high reached $2,685.61 on Sept. 26, ...
Gold prices climbed on Friday after recent data supported bets for a Federal Reserve interest rate cut next month, while ...
With another rate cut likely for the Fed's November meeting, some investors may want to turn to gold now. Here's why.
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