US Edition
Gold Edges Higher on US Rate-Cut Bets and Dollar Weakness
- Gold rose over 1% on Tuesday, fueled by dollar weakness and market expectations of at least three U.S. rate cuts by 2025.
- Following growing Fed cut bets, market participants priced in multiple rate cuts for 2025 amid mixed data and fiscal concerns, causing the dollar to weaken due to Trump's tax and spending plans.
- Evidence indicates the US dollar index hit over three-year lows, with futures pricing in at least three rate cuts and Treasury yields retreating, supporting gold's rally.
- Gold edges higher, supported by central bank gold purchases and investor focus on upcoming U.S. labor data.
- Gold edges higher amid persistent dollar weakness and market pricing in at least three U.S. rate cuts by end-2025, with outlook dependent on Fed moves and economic data.
Insights by Ground AI
Does this summary seem wrong?
20 Articles
20 Articles
All
Left
2
Center
3
Right
1
The US dollar's depreciation is supported by the depreciation of the US dollar, as investors look forward to the anticipated labour market data later this week, which are relied upon to determine the course of the US Federal Monetary Policy, amid renewed calls by US President Donald Trump to lower interest rates. The price of gold in instant transactions rose 0.5% to $3322.26 per ounce, while US futures for gold rose 0.8% to $3334.70. The dollar…
·Iraq
Read Full Article
Some say that the price of gold depends on interest rates, others on the inflation rate, others on the strength of the dollar, and still others on geopolitics...
Coverage Details
Total News Sources20
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
Factuality
To view factuality data please Upgrade to Premium
