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MCX gold rate hits YTD high on renewed US Fed rate cut buzz
Gold poised for third weekly gain on renewed hopes of Fed rate cuts
Gold prices hovered near a five-week high on Friday and were set for a third straight week of gains, as U.S. inflation data released earlier this week revived expectations that the Federal Reserve might cut interest rates more than once this year.
Gold Steady, Supported by Fed Rate-Cut Prospects
Gold was steady in the early Asian session, supported by prospects of Fed rate cuts that would bolster the allure of the non-interest-bearing precious metal.
Gold price today: MCX gold rate hits YTD high on renewed US Fed rate cut buzz
Following the US Fed rate cut buzz on soft US core inflation data, MCX gold rate registered gains during early morning deals on Thursday. Gold futures contract on Multi Commodity Exchange (MCX)m for February 2025 expiry opened flat at ₹78,
South Africa, gold mine
Rescuers try to free men trapped in South African gold mine with scores reported dead
The South African government has launched a rescue operation at an abandoned gold mine in the country’s North West province, where at least 109 men have died, a group representing the miners said, after local authorities cut off vital supplies in a dramatic bid to crack down on the country’s illegal mining trade.
Dozens of Dead Pulled From Illegal South African Gold Mine After Standoff With Authorities
At least 78 people have died after authorities imposed a blockade on an illegal gold mine here, part of a monthslong standoff between prospectors and a government determined to force them to surface—often by cutting off their food and water.
No more miners trapped underground in South Africa, volunteers say
No more illegal miners are believed to be trapped underground at a gold mine in South Africa, volunteers working with rescue teams have said. At least 78 bodies and more than 200 survivors have been pulled out since Monday after a court ordered the government to facilitate rescue operations at the mine,
Gold Futures Settle Notably Higher
Gold climbs to over one-month high on weaker yields after US data
Gold prices rose to a more-than-one-month high on Thursday after the latest U.S. economic data pressured the Treasury yields further, following a soft core inflation reading this week that increased bets for a more dovish Federal Reserve policy.
Gold Futures Settle Notably Higher As Dollar Drifts Lower
Gold futures closed notably higher on Thursday, gaining for the third consecutive session, as the dollar and bond yields drifted
Gold Futures Rise on Weak U.S. Dollar, Economic Data
Gold futures rose on a weaker dollar and U.S. inflation data that marginally boosted optimism for monetary-policy easing by the Fed.
4h
on MSN
Gold set for third straight weekly gain, Trump's policies in focus
Gold prices eased on Friday but were still headed for a third consecutive week of gains, as U.S. inflation data and dovish ...
1d
on MSN
Does gold investing still make sense? Pros and cons to know for 2025
The price of gold soared past $2,700 per ounce in October 2024 — a record high that sparked widespread interest among ...
2d
How Menē Gold Jewelry Is Making The Case For Financial Empowerment
Business is booming for Menē, the direct-to-consumer online jeweler selling 24kt gold jewelry by the gram, and clients are ...
1d
Gold hits one-month high as prospects for Fed cuts rise on softer US inflation data
Gold prices firmed near one-month highs hit earlier on Thursday after a softer-than-expected core U.S. inflation print ...
1d
on MSN
What gold assets offer the most liquidity to investors?
Some types of gold investments may be more liquid than others — and it can benefit you to know what those are.
18h
on MSN
Operator error blamed for elevator incident that led to death of guide at former Colorado gold mine
Authorities say an incident involving an elevator at a former Colorado gold mine that led to the death of a tour guide and ...
1d
on MSN
Rare Roman Gold Coins Worth $322,000 Found in Luxembourg
A hoard of Roman coins dating from the Fourth century and covering the reign of nine emperors has been found in northern ...
2d
Gold: This Is Why Gold Ignores Treasury Yields
Gold's unusual behavior since 2022, ignoring rising US Treasury yields, suggests increased attractiveness. Read why I ...
2d
Gold Star families devastated by Biden's botched Afghanistan withdrawal endorse Hegseth for SecDef
Gold Star families who lost loved ones during the Biden administration's botched withdrawal from Afghanistan endorsed Pete ...
Bloomberg L.P.
18m
Trump Tariff Risks Are Fueling a Chaotic Hunt for Gold in London
The risk that President-elect Donald Trump will impose universal import tariffs is causing fresh turmoil in the global
gold
...
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