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Gold climbs on US rate-cut bets; silver hits 14-year high
Gold hit a more than four-month high on Monday, as increased bets for a US Federal Reserve interest rate cut this month lifted bullion’s allure, while silver rose above $40 per ounce for the first time in more than a decade. Spot gold rose 1.2 percent to $3,486.86 per ounce by 8:41 a.m. Saudi time, hitting its highest point since April 23. US gold futures for December delivery gained 1.1 percent to $3,554.60.
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arabnews.com
Gold climbs on US rate-cut bets; silver hits 14-year high
Gold hit a more than four-month high on Monday, as increased bets for a US Federal Reserve interest rate cut this month lifted bullion’s allure, while silver rose above $40 per…
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scmp.com
Gold and silver surge on rising demand and looming Fed rate cut
The rally in precious metals has been underpinned by expectations that the Fed will reduce interest rates this month.
