The Entrepreneurs Weekly
No Result
View All Result
Friday, July 25, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

Gold Price Soars to Record in Anticipation of Fed Rate Cut | Entrepreneur

by Brand Post
September 16, 2024
in Business
0
Gold Price Soars to Record in Anticipation of Fed Rate Cut | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Gold prices hit a new peak in Asian trading on Monday, based in major part on investors’ growing confidence that the Federal Reserve is set to implement a sizable interest rate decrease later this week, reports Investing.com.

The anticipation of lower rates, which are seen as beneficial for assets like gold that do not yield interest, has contributed substantially to the precious metals market. As it stands, spot gold edged up 0.4% to a record price of $2,589.02 per ounce. December gold futures similarly saw an increase, though slightly more modest at 0.1%, setting a price of $2,613.70 per ounce at the close.

At the end of the Fed’s meeting Wednesday, rate cuts are expected to start a potential easing cycle. Some analysts are forecasting cumulative cuts that could reach at least 100 basis points by year’s end.

Related: Costco Is Now Selling $625 Packs of Silver Coins and $2,000 Gold Bars — and Shoppers Are Snapping Them Up

Gold’s appeal as a haven asset continued following the reports of a second assassination attempt on former President Donald Trump at his Florida golf course on Sunday. In July, after the first assassination attempt, gold also went up because it is “natural” for investors to go for a haven, Barron’s reported at the time.

Amidst this financial turbulence, gold’s ascent wasn’t the only noteworthy movement. Platinum and silver futures also experienced a lift, marking increases of 0.4% to $1,004.80 an ounce and 0.8% to $31.332 an ounce, respectively.

The combination of economic and geopolitical uncertainties is playing a significant role in driving both seasoned and novice investors toward the security of gold.



Source link

Tags: AnticipationBusiness NewsCutdonald trumpentrepreneurFedFinanceGoldInvestingPriceRateRecordSoars

Related Posts

Microsoft CEO Explains Recent Layoffs in Internal Memo | Entrepreneur
Business

Microsoft CEO Explains Recent Layoffs in Internal Memo | Entrepreneur

July 24, 2025
David Protein Is Now Selling Frozen Cod Fillets | Entrepreneur
Business

David Protein Is Now Selling Frozen Cod Fillets | Entrepreneur

July 24, 2025
Four-Day Workweek Study: Employees Happier, More Productive | Entrepreneur
Business

Four-Day Workweek Study: Employees Happier, More Productive | Entrepreneur

July 24, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
Microsoft CEO Explains Recent Layoffs in Internal Memo | Entrepreneur

Microsoft CEO Explains Recent Layoffs in Internal Memo | Entrepreneur

July 24, 2025
David Protein Is Now Selling Frozen Cod Fillets | Entrepreneur

David Protein Is Now Selling Frozen Cod Fillets | Entrepreneur

July 24, 2025
Four-Day Workweek Study: Employees Happier, More Productive | Entrepreneur

Four-Day Workweek Study: Employees Happier, More Productive | Entrepreneur

July 24, 2025
9 Principles That Carried Me From the Sidelines to the Suite | Entrepreneur

9 Principles That Carried Me From the Sidelines to the Suite | Entrepreneur

July 24, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In