Optimistic expectations of interest rate cuts + Middle East risks drive gold Q3 surge by 13%, marking the best quarterly performance in 8 years
I'm PortAI, I can summarize articles.
Gold prices rose more than 13% in the third quarter, marking the best quarterly performance since the first quarter of 2016, mainly driven by expectations of Fed rate cuts and tensions in the Middle East. Comex gold futures rose to $2636.10 per ounce, with a year-to-date increase of nearly 30%. In September, gold prices rose by 5.7%, while silver also showed strong performance, rising by 6.6% in the third quarter. According to data from Bank of America, gold has become the second largest reserve asset after the US dollar
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments