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Gold $2,334.42 $1.13 0.05% Silver $30.37 $0.04 0.13% Platinum $1,032.04 $3.11 0.3% Palladium $978.00 $12.91 1.34%

Gold firms as Fed’s rate cut forecast hurts dollar, yields

Gold firms as Fed’s rate cut forecast hurts dollar, yields

Gold prices extended gains on Thursday, after the U.S. Federal Reserve signaled an end to its tightening cycle and lower borrowing costs in 2024, which sent the dollar and Treasury yields lower.

Spot gold was 0.4% higher at $2,034.35 per ounce, after surging 2.4% on Wednesday. U.S. gold futures jumped 2.6% to $2,049...[LINK]

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