Key Points
(Reuters) Gold climbed over 1% on Wednesday after the U.S. Federal Reserve indicated they expect to reduce interest rates by three quarters of a percentage point by end-2024, sending the dollar and Treasury yields lower...
U.S. gold futures settled 0.1% higher at $2,161...
The Federal Reserve held interest rates steady on Wednesday, but policymakers hinted they still expect to reduce them by three quarters of a percentage point by the end of 2024...
Gold is getting a double dose of good news today; the Fed is still projecting three rate cuts this year and the higher interest rate projections moving forward betray a real concern that inflation will be harder to tame, said Tai Wong, a New York-based independent metals trader,..
Gold is poised to try for new all-time highs with the Fed risk out of the way, Wong said.. Persistent safe-haven-demand, central bank purchases, geopolitical tensions continue to provide support...
