September 16, 2024

Gold Hits All-Time High on Deeper Fed Rate Cut Expectations

Gold prices surged to record highs on Monday, driven by a softer dollar and expectations of a larger interest rate cut by the US Federal Reserve this week.

Spot gold was up 0.4% to $2,585.54 per ounce, after hitting an all-time high of $2,588.81 earl…

Oil Prices Inch Up on Fed Rate Cut Outlook

Oil prices edged up in early trade on Monday amid expectations of a US interest rate cut this week, though gains were capped by US supply resumptions following Hurricane Francine and weaker China data.

Brent crude futures for November were up 15 cent…

Dollar Falls, Yen Rises amid US Rate Cut Expectations

The dollar index fell 0.15% to 100.87 on Monday, while the yen reached its highest levels in more than a year in limited trading, amidst expectations of a rate cut decision by the US Federal Reserve this week.

The dollar was down 0.47% at 140.15 yen,…