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Gold Posts Second-highest Close as U.S. Rate Cut Hopes Rise, Treasury Yields Fall
Update: Gold Drops Off a Record High Set on Rate-Cut Expectations as Traders Take Profits
(Updates prices.)Gold moved down from a record midafternoon on Wednesday, as traders took profits after the metal was pushed up by expectations the Federal Reserve will begin cutting interest rates
Silver Is Cheap Vs. Gold, and There Are Cyclical Gains Ahead - DataTrek
Gold Pushes to Record High on Rate-Cut Expectations and Weak Dollar
Gold traded at a record high early on Wednesday, pushed up by expectations the Federal Reserve will begin cutting interest rates in September, while the dollar fell to a four-month low.Gold for
Rate Cut Bets vs. Trump Trades: Key Assets to Watch in the Hottest Trades Now
"Rate cut trades" and "Trump trades" have emerged as the most popular trading themes currently. Investors are closely monitoring which assets will be the first to benefit under these two trading themes and what opportunities are arising.
Huili: bullish on gold's performance in the second half of the year, a chance to buy in on a dip to $2300.
Zhao Shande said that from a technical perspective, any pullback to the strong resistance at $2300 can provide a good buying opportunity for investors, reflecting that gold has a certain defensive capability.