Newsletter Subject
Weekly Market Wrap: Gold Reached New Highs
From
goldprice.org
Email Address
goldpriceorg@email.goldprice.org
Sent On
Fri, Sep 20, 2024 09:30 PM
Email Preheader Text
Gold Surges to Record Highs Above $2600/oz Following Fed's First Interest Rate Cut Since 2020 ?
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Gold Surges to Record Highs Above $2600/oz Following Fed's First Interest Rate Cut Since 2020âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE â [Gold Price Recap]( â±ï¸ Gold in 60 Seconds Current [Gold Spot Price](: $2,622.30 Happy Friday, traders. Welcome back to our [weekly market wrap-up,]( where we dive into the economic events and market news that have significantly impacted gold prices and other precious metals throughout the week. This week, gold prices surged past $2600/oz for the first time in history following the Federal Reserve's decision to cut interest rates by 50 basis points, the first rate cut since 2020. While markets anticipated this cut, gold showed additional strength, closing the week at record highs. Early in the week, trading remained range-bound, with gold prices fluctuating within a $30/oz band. However, the Fed's announcement on Wednesday shifted the market, and gold saw a sharp rise during Thursday and Friday trading. Despite a brief dip following the rate cut, driven by subdued reactions in US Treasury yields, gold rebounded quickly. With upcoming labor market data likely to influence future Fed decisions, the focus now shifts to whether gold can consolidate its gains above the $2600 level as uncertainty around future rate cuts persists. [Read the Full Market Recap]( â [BUY GOLD & SILVER AT JM BULLION]( â [Advertisement]( â â Stay Informed - Get Our App! [Twitter]( [Instagram]( No longer want to receive these emails? [Unsubscribe](.
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