Gold rose to a record high near $5,000 an ounce, as geopolitical risk and threats to the Federal Reserve’s independence added support to a rally fueled by a retreat from currencies and bonds.
dollar index
EUR/USD Falls to 1.1640, Weekly Loss 0.7% as US Dollar Stays Strong
The EUR/USD currency pair ended the week near the 1.1640 level, posting a weekly loss of around 0.7%. The fall came as the US Dollar remained strong against major global currencies.
Gold Jumps on US Rate-Cut Bets; Silver Breaks $40 — Highest Since 2011
Fed’s Hammack: Tariff impacts remain uncertain
Federal Reserve outlook: Beth Hammack of the Federal Reserve Bank of Cleveland depicted a fundamentally robust economy, despite inflation persistently surpassing the Fed’s target.
Gold, Silver Rates Today: Slow start for gold, silver on MCX | Check city-wise rates on June 17, 2025
Gold, Silver Rates Today (Tuesday): In the international market, the COMEX gold price was trading at around $3,411 per troy ounce. The spot gold price at 01:15 pm was around $3,392.56 per ounce.
The Fed is ready to free up the US economy with a soft landing
The Federal Reserve will begin a crucial pivot this week, lowering interest rates for the first time in more than four years as it pursues a rare soft landing for the US economy.
Gold Monthly Forecast: Gold’s rally is just getting started
Gold Monthly Forecast: We believe the most anticipated US rate cut in decades will bring fresh impetus to gold prices. We have revised our gold forecast higher, and we now expect prices to average $2,700 in 2025.