Benzinga
  • 3 months ago
Gold prices surged to a record high Monday in Asian markets, driven by increased expectations of a larger-than-expected Federal Reserve rate cut this week. Shots were fired near former President Donald Trump's golf course on Sunday, spurring save haven demand. The Fed is anticipated to initiate an easing cycle, with analysts projecting at least one percent in rate cuts by year-end. Lower interest rates benefit precious metals like gold by reducing the opportunity cost of holding non-yielding assets.

Category

🗞
News
Transcript
00:00It's Benzinga, and here's what's on the block.
00:03Gold prices surge to a record high on Monday in Asian markets, driven by increased expectations
00:07of a larger-than-expected Federal Reserve rate cut this week.
00:11Shots were fired near former President Donald Trump's golf course on Sunday, spurring safe
00:15haven demand.
00:16The Fed is anticipated to initiate an easing cycle, with analysts projecting at least 1%
00:21in rate cuts by year-end.
00:23Lower interest rates benefit precious metals like gold by reducing the opportunity cost
00:27of holding non-yielding assets.
00:29For all things money, visit Benzinga.com.

Recommended

0:45
I
Up next
Treasury Yields Drop As Markets React To Trump’s Pick Of Scott Bessent For Treasury Secretary
Benzinga
0:38
Gold Prices Soar Past $2,500 as Fed Rate Cuts Loom. How Long Will the Gold Rally Last?
Benzinga
0:58
US Inflation Eases More Than Expected In May, Boosts 2024 Rate Cut Prospects Ahead Of Wednesday's Fed Meeting
Benzinga
8:58
Inflation Is Falling, Will The Fed Cut Rates Soon?
Benzinga
1:31
Federal Reserve Announces Pause On Rate Hikes Amid Easing Inflation
Wibbitz Top Stories
0:38
UBS Forecasts Gold Prices to Reach $2,200 per Ounce by 2024 on Expected Interest Rate Cuts
Benzinga
0:49
Investors Await Powell's Speech
Benzinga
0:33
Fed Expected to Keep Interest Rates High as Optimism Remains High for September Rate Cuts
Benzinga
0:43
Treasury Yields Surge Above 4% As Trump Secures White House Victory, Senate Under GOP Majority
Benzinga
10:24
US Fed rate cut: US फेड के फैसले का सोने पर क्या असर, कितना महंगा होगा सोना?| GoodReturns
Goodreturns
0:47
Trump Win Boosts Bank Stocks, Driven By Deregulation Hopes
Benzinga
4:25
Fed cuts rate by 0.25% for first time since 2008: Analysis from New York Thomson Reuters Angela Moon
Arirang News
0:37
Federal Reserve Maintains Interest Rates, Citing 'Lack of Progress.' Sees Future Rate Hikes 'Unlikely.'
Benzinga
0:41
'The Fed Is Lagging And Knows It,' Says Grant Cardone, Hinting At December Surprise Rate Slash
Benzinga
0:50
BlackRock's Larry Fink Warns Against Overly Optimistic Fed Rate Cuts, Cites High 'Embedded Inflation' And Predicts Only 1 Reduction This Year
Benzinga
1:57
Gold hits all time high, boosting Australian miners
ABC NEWS (Australia)
0:37
Fed Eyes Neutral Rate as Trump Policies Add Economic Uncertainty
Benzinga
0:38
Fed Announces 0.25% Rate Cut As Inflation Eases To 2% Target
Benzinga
1:42
US Federal Reserve raises rates to 22-year-high as it continues fight against inflation
euronews (in English)
0:41
Wall Street Strategists Raise S&P 500 Price Targets Amid Positive Inflation Numbers. Here's Why the Fed's One Cut Forecast May Alredy Be Outdated
Benzinga
0:35
Gold Hits $2,700 Per Ounce As Analysts Predict Bullish Phase
Benzinga
0:32
Stock Market Rebounds After Three Weeks of Losses
Benzinga
1:51
Gold Reaches Six-Month High And Crosses The $2000 Milestone - Marking A 10% Increase In Value This Year
Benzinga
0:39
​​Trump’s Election Won't Shift Fed's Near-Term Path, Says Fed Chair Jerome Powell
Benzinga
0:39
Gold ETF Hit With $1 Billion Outflow: Investors Dump Safe Haven Asset After Trump Win
Benzinga