GOLD FUTURES CLOSE HIGHER

The gold futures corntract on Bursa Malaysia Derivatives has extended its rally, tracking the movement of gold prices on the New York Commodities Exchange (COMEX).

Bernama07:11 ET

Gold market analysis: Despite alarming data, the expectation of interest rate reduction remains intact, with gold prices soaring strongly, hitting a new high.

Bank of China's Guangdong branch, Wang Gang, said that on Tuesday (July 16), spot gold hit a record high of $2,469.59 per ounce. The US retail sales report that day failed to reverse market expectations of a rate cut at the Fed's September 18 meeting, and gold prices hit a record high. Federal Reserve Chairman Powell said on Monday that the Fed is increasingly confident of inflation returning to its target level, which has boosted market confidence, and the market has priced in a nearly 100% chance of a Fed rate cut in September. The expectation of a rate cut in September continues to ferment, keeping the outlook for gold optimistic.

FX678 Finance00:23 ET

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.

Zhitong Finance23:36 ET

Watch These Important Gold Price Levels As Metal Hits Record High

Gold (GOLD) prices climbed to set a new record high on Tuesday as investors move into the precious metal amid rising expectations that the Federal Reserve will lower its benchmark interest rate in September. Falling rates increase the non-yielding commodity’s demand by reducing its opportunity holding cost relative to interest bearing assets, such as fixed-income securities.

Investopedia21:57 ET

Spot gold hits new highs again! With positive factors accumulating, will the gold price reach $3,000 next?

As the market's expectations for the Fed's interest rate cut heated up, and some traders increased their bets on Trump's re-election, the international gold price reached a historic high.

Zhitong Finance19:52 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