Sage Investment Club

Gold at over eight-month high on slower US Fed rate-hike prospects

By Seher Dareen(Reuters) – Gold prices scaled over an eight-month peak on Friday, holding above the key pivot of $1,900 per ounce, as cooling U.S. inflation raised hopes for slower interest rate hikes from the Federal Reserve.Spot gold rose 0.3 % to $1,902.64 per ounce by 9:33 a.m. ET (1433 […]

Gold scales 9-month high above key $1,900 level; highest since late April

By Kavya Guduru(Reuters) – Gold prices firmed above the key $1,900 level on Friday, hitting their highest since late April after a surprise decline in U.S. consumer prices boosted bets for slower Federal Reserve interest rate hikes.Spot gold was up 0.4% at $1,905.19 per ounce, as of 1008 GMT. The […]