UAE, Saudi Gold Prices Edge Higher Amid Fed Rate Cut Hopes

UAE, Saudi gold prices edge higher amid Fed rate cut hopes

Dubai: Gold prices in the United Arab Emirates (UAE) and Saudi Arabia increased during the week of Sunday, August 17, to Saturday, August 23, reflecting global market movements and expectations of a possible interest rate cut by the United States (US) Federal Reserve. In the UAE, 24-carat gold traded between Dirham 402.25 (Rs 9,565.44) and Dh 406.50 (Rs 9,666.51) per gram through the week, closing at Dh 406.25 (Rs 9,660.56) on August 23. The 22-…

Gold may consolidate, but bias stays positive on Fed rate-cut hopes: Analysts

Gold prices expected to consolidate in near term, but positive bias remains amid Fed rate cut expectations.

Gold Rises 1% Globally and Locally on Fed Rate Cut Expectations

Gold prices climbed around 1% in both global and local markets last week, supported by growing expectations that the U.S. Federal Reserve will cut interest rates at its upcoming September meeting, according to a report by the iSagha platform.

Gold May Consolidate, But Bias Stays Positive On Fed Rate-Cut Hopes: Analysts

Gold prices are likely to remain in a consolidation phase in the near term, but the overall bias will continue to stay positive amid heightened expectations of a US Federal Reserve rate cut in its September policy meeting, analysts said.Traders will closely track US macroeconomic data, such as second quarter GDP, Personal Consumption Expenditures inflation, and speeches from Fed officials, which will provide more insights into the monetary polic…

Gold may consolidate, but bias stays positive

Gold prices are likely to remain in a consolidation phase in the near term, but the overall bias will continue to stay positive amid heightened expectations of a US Federal Reserve rate cut in its September policy meeting, analysts said. Traders will closely track US macroeconomic data, such as Q2 GDP, PCE inflation, and speeches from Fed officials, which will provide more insights into the monetary policy stance of the Federal Reserve and the t