Gold Prices Steady Near Record Highs as Powell and Rate Cues Get Attention
Wednesday, 25 September 2024, 21:32
Gold Prices at a Glance
Spot gold rose 0.2% to $2,661.78 an ounce, while gold futures for December steadied at $2,685.0 an ounce by 00:18 ET (04:18 GMT). Spot prices briefly hit a record high of $2,670.52 on previous trading sessions, igniting investor interest and speculation.
Market Reactions to Powell's Insights
Investor sentiment remains cautious as Chairman Powell's commentary sends ripples through the markets. Traders are evaluating the implications of potential rate changes which can further impact gold prices.
- Spot Gold: Stands resilient near record highs.
- Futures Gold: Demonstrating stability in the face of uncertainty.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.