Gold Miners Hit 27-Month Peak, Bullion Breaks Record As Traders Decide September Rate Cut As Good As Done

Gold reached new all-time highs Tuesday, with the commodity soaring above $2,460 per ounce and showcasing a robust 1.7% gain for the session, driven by heightened investor convictions that the Fed

Benzinga32minutes ago

Express News | Shares of Gold Stocks Are Trading Higher Amid Trader Optimism That the Fed Will Cut Rates

BenzingaJul 16 11:19 ET

"Rate cut trade" and "Trump trade" double blessing: Gold prices approach historic highs.

The market's expectation of a rate cut in September has pushed up the price of gold, while the failed assassination attempt on Trump has further boosted demand for metals as a safe haven.

wallstreetcnJul 16 10:37 ET

Commodity Roundup: Gold Near Fresh Record High, China Demand Concerns Weigh on Oil

Gold prices extended their rally to Tuesday, trading close to an -all-time high amid rising hopes that the Federal Reserve would cut interest rates by the end of the year, while oil prices ticked lower on lingering demand concerns.

Seeking AlphaJul 16 05:14 ET

MetalsFocus: The US dollar is expected to continue to remain strong, and precious metals prices may retreat moderately during the summer.

MetalsFocus pointed out that due to the interest rate differential still benefiting the US dollar, the US dollar is expected to continue to remain strong in the near future. In addition, considering the relatively fast rise in precious metal prices over the past three months, precious metal prices may experience a moderate pullback during the summer.

Zhitong FinanceJul 16 01:57 ET

Ubs Group: Gold still has room for growth, but silver will perform better.

With the call for a rate cut growing louder, international gold prices have regained their upward momentum after a brief slump in the summer. UBS, which predicted that gold will rise to $2,700 next year, reiterated its bullish outlook on gold. However, UBS expects silver to outperform gold and have a greater potential to beat the market.

wallstreetcnJul 15 04:26 ET