Gold Prices Hit Record Highs Amid Rate Cut Bets
Sunday, 15 September 2024, 21:04
Gold Prices Reaches New Heights
Spot gold soared 0.4%, achieving a noteworthy milestone of $2,589.02 per ounce. Concurrently, gold futures for December increased 0.1%, hitting $2,613.70 per ounce.
The Impact of the Dollar on Gold Prices
A softer dollar allowed significant strength in gold prices, prompting many investors to seek refuge in the metal.
- Spot Gold: $2,589.02
- December Futures: $2,613.70
- Market Sentiment: Strong demand driving prices high
Gold’s resilience continues to attract attention amidst changing economic forecasts and political developments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.