Spot gold

Gold prices hit new record high, continue to gain for third week straight; silver surges by 1.4%

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Gold prices hit new record high, continue to gain for third week straight; silver surges by 1.4%

Gold prices surged to achieve a fresh all-time high on Friday, propelled by various factors such as expectations of a U.S. interest rate cut, speculative purchasing, and central bank acquisitions, sustaining the ongoing upward momentum of bullion despite robust job growth in the United States during March. As of 10:57 a.m. EDT (1456 GMT), spot … Read more

Gold prices rise ahead of US inflation data, silver slips 0.3%

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Gold prices rise ahead of US inflation data, silver slips 0.3%

Gold prices surged, supported by a decline in the U.S. dollar, as investors awaited upcoming data to assess inflation trends, crucial for understanding the Federal Reserve’s approach to interest rates, on Tuesday. At 09:58 a.m. EDT (1358 GMT), spot gold climbed 0.5% to $2,182.77 per ounce after spiking by as much as 1.3% earlier in … Read more