Gold Edges Higher, Aided by Fed Rate-Cut Prospects — Market Talk

Dow Jones Newswires

Gold edges higher in the early Asian session, aided by prospects of Fed rate cuts that typically enhance the allure of the non-interest-bearing precious metal. Delayed U.S. employment data released overnight were tepid, highlighting the underwhelming state of the labor market there. Expectations of a more accommodative policy stance across the globe continue to underpin gold, Kudotrade's Konstantinos Chrysikos says in an email. "A softer dollar has reinforced this narrative, enhancing gold's appeal," the head of Customer Relationship Management adds. Spot gold is 0.1% higher at $4,307.90/oz. (ronnie.harui@wsj.com)

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Risk Disclosure

The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.

Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.

Recent Searches

Top Searches

Markets

Analysis

User

24/7

Economic Calendar

Education

Data

Gold Edges Higher, Aided by Fed Rate-Cut Prospects — Market Talk

Risk Disclosure