Gold prices up, silver hits record after US Fed delivers rate cut and leans dovish| Business News

Gold prices rose for a third day after the US Federal Reserve delivered a widely expected interest-rate cut on Wednesday, while silver climbed to a record high. A dovish Fed is positive for precious metals, such as silver and gold, which typically benefit from low rates as they don’t pay interest. (Unsplash) Bullion advanced as […]

Gold rebounds on safe-haven demand as risk-off mood rattles markets| Business News

Gold rebounded as investors sought safety following a slump in global stocks due to concerns around elevated valuations. Gold is about 50% higher year-to-date, with prices touching a record last month before retracing some gains. (AFP) Spot gold prices rose toward $4,000 an ounce, after falling almost 2% in the previous session as the dollar […]