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Fed & yields

Precious Metals Rally as Market Anticipates Fed Rate Cuts

How to Set Up a Precious Metals IRA with Altinavcisi
How to Set Up a Precious Metals IRA with Altinavcisi

Gold prices increased for the fourth consecutive session, supported by a weakening U.S. dollar and declining Treasury yields following disappointing U.S. employment data.

Spot gold rose 0.1% to $3,375.89 per ounce, with futures also up by 0.1% to $3,430.40. The data heightened expectations for a Federal Reserve rate cut in September, now at 92%.

Geopolitical tensions, including threats of tariffs on Indian goods, added to economic uncertainty, further boosting gold’s appeal.

Eight more from the desk

Other dispatches from the bullion wire.