
Gold Prices Stabilize After Recent Declines
Gold prices stabilized after two days of losses, driven by reduced expectations for a Fed rate cut. Despite short-term dips, gold is up 55% this year, heading for its best annual performance since 197
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Gold prices stabilized after two days of losses, driven by reduced expectations for a Fed rate cut. Despite short-term dips, gold is up 55% this year, heading for its best annual performance since 197

Global markets are reacting to the Federal Reserve's rate cut, stabilizing gold prices, and anticipation around OPEC+ decisions, while geopolitical meetings influence equities and cryptocurrencies.

Gold prices dropped sharply after hitting a record high of $4,381.52 per ounce, closing the week at $4,113.05. An overbought market, profit-taking, and reduced central bank purchases are key factors b

The US dollar strengthened due to Japanese policy, German economic data, and French political issues. China announced new tariffs and export controls, escalating trade tensions. Gold hit $4000, and eq

Atlanta Fed President Raphael Bostic signals a delay in rate cuts, projecting inflation will not hit the 2% target until 2028 and scheduling only one cut for 2025.