Global gold prices surged to an all-time high on Monday (September 15), supported by a softer US dollar and falling Treasury yields, as investors focused on the upcoming Federal Reserve meeting, which could shape policy for the rest of the year.<\/p>\n
Spot gold rose 1.1% to US$3,680.80 per ounce at 13:44 EST (17:44 GMT), after reaching a record peak of US$3,685.39 earlier in the session. Bullion prices have climbed around 1.6% over the past week. Meanwhile, US gold futures for December delivery closed 0.8% higher at US$3,719.00.<\/p>\n
The US dollar index (DXY) fell 0.3% to its lowest level in a week, making gold more attractive to holders of other currencies. Yields on 10-year US Treasury bonds, a benchmark for fixed income, also declined slightly.<\/p>\n
Market expectations are that the Fed will cut interest rates by 0.25% on Wednesday, the first reduction since December, with some anticipating a further 0.50% cut later in the year, according to CME\u2019s FedWatch tool.<\/p>\n
\u201cMarkets have already priced in a 0.25% rate cut,\u201d said Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals. He added that one or two additional cuts could follow before the end of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"Global gold prices surged to an all-time high on Monday (September 15), supported by a softer US dollar…\n","protected":false},"author":2,"featured_media":19115,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[220,4318,1247,18318,42,1981,43,40,38,41,39],"class_list":["post-19114","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-breaking-news","tag-federal-reserve","tag-gold","tag-gold-traders","tag-headlines","tag-investment","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/19114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=19114"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/19114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/19115"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=19114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=19114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=19114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}