News list for " Helped"

Gold prices hit a record high of $2588.95 an ounce on Monday, helped by a weaker dollar and market expectations that the Federal Reserve will cut interest rates this week for the first time since 2020, possibly by 50 basis points. Tim Waterer, chief market analyst at KCM Trade, said: "The prospect that the Federal Reserve could cut interest rates by 50 basis points this week puts gold and the dollar in reverse. The overall situation for gold remains favorable and could rise further. If...

2024-09-16 12:00:22