The monthslong stretch of strong performance owes in large part to an expectation of lower interest rates at the Federal Reserve, which typically coincide with an increase in gold prices, some ...
Goldprices are expected to rise to $2,941 a troy ... senior market analyst at Kitco Metals, said. Gold, which yields no interest on its own, tends to gain when interest rates are cut.
Gold prices dropped by more than 3% on Wednesday, on track to post the biggest daily percentage loss since June 2021, with a win by Republican U.S. presidential candidate Donald Trump "prompting the ...