Spot gold prices hit record high as Fed signals potential pause
A pause in future rate hikes and a potential U.S. recession present a bullish case for gold, as investors seek safe haven in the yellow metal. The dollar also retreated after the Fed’s statement, as did U.S. Treasury yields.
Gold futures rose 1.3% to $2, 064.15 an ounce, and were trading just below a 2020 record high of $2, 089.20 an ounce.
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A pause in future rate hikes and a potential U.S. recession present a bullish case for gold, as investors seek safe haven in the yellow metal. The dollar also retreated after the Fed’s statement, as did U.S. Treasury yields.
Gold futures rose 1.3% to $2, 064.15 an ounce, and were trading just below a 2020 record high of $2, 089.20 an ounce.
.
.
.
.
#bestgoldfactoryoutlet #lowwastage #goldcoin #916coin #916thaali #goldvanki #weddingjewellery #goldjewelery bestgoldshopinchennai #brilliantcut #topgoldshop #sellgold #solitairechennai #topgoldoutlet #antiquejewellery #nagasjewellery #southindianbride #buygoldbangles #templejewellery #antiquejewellery #916goldnecklace #cashforgold
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