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Gold jumped past $2,500 an ounce on Friday, reaching a new high. The metal is rallying on bets the Fed will soon cut rates.

Why gold prices just hit a record

Gold hits a new record following Powell’s historic speech on prolonged high-interest rates, reshaping the precious metals market. Gold’s Roller Coaster: Highs and Lows Amid Economic Uncertainty. Gold’s recent rally to record highs, spurred by Federal Reserve Chair Jerome Powell’s historic speech, has hit a stumbling block. The...

Gold’s Surge to a Record High: Analyzing Powell’s Impact on the Precious Metals Market

(1:00) - What Is Pushing Gold Prices Higher?. (5:15) - Why Are Central Banks Buying Up So Much Gold Lately?. (8:45) - Can This Gold Rally Continue And For How Long?. (16:10) - How Much Gold Allocation Should You Have In Your Portfolio?. (21:10) - Breaking Down The Outlook For...

Why Gold Prices Are Set to Soar

NEW YORK (August 15) Gold has seen its best performance in decades in 2024 amid its climb to a new record high of $2,483.35, and while the yellow metal has struggled to rally above $2,480 on three separate occasions, one analyst says it's only a matter of time before it succeeds and breaks above $2,500.

Gold and silver to rally through the end of 2024, copper likely to lag

Prices of the red metal have been climbing steadily in recent weeks, paring losses after falling to a four-month low in early August. Saxo Bank's Ole Hansen said copper's recent rally had been bolstered by renewed demand from hedge funds which had previously cut their exposure "during the recent and deep 24% correction."

Copper prices near six-week high as one strategist says the 'worst of the correction is over'

Gold prices reached record highs in July and August, driven by economic instability and geopolitical tensions. Palladium and platinum prices faced bearish pressure due to weak demand and concerns about a global economic slowdown. Silver prices experienced volatility, rallying briefly before declining due to weak industrial demand. Analysts predict gold...

How Long Will Gold’s Record-Breaking Rally Last?

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you're looking for a safe place to park significant savings, a jumbo CD can...

Best jumbo CD rates for September 2024

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.

Tuesday’s rapid-fire: Coca-Cola, Hershey, Cleveland Cliffs, Ferrari, BlackRock

The British pound has been one of the best-performing currencies in recent weeks, driven by a good run of UK data and expectations that the Bank of England will not cut interest rates at its upcoming meeting. However, there are signs that a correction may be imminent, as the GBP/USD...

British Pound (GBP) Price Action Ideas: Sterling Set for Correction? GBP/USD, EUR/GBP and GBP/JPY

Business Times

Gold prices continued their upward trajectory on Monday, hovering near record highs as market sentiment was bolstered by dovish signals from the U.S. Federal Reserve and a weakening dollar. Spot gold rose 0.6%, reaching $2,526.15 per ounce, just shy of last week's record high of $2,531.60. U.S. gold futures also saw a 0.6% increase, climbing to $2,561.90 per ounce.

Gold Prices Near Record Highs as Fed Rate Cuts Boost Demand

Apple announced it will hold a press event at its headquarters in Cupertino, California, on Sept. 9, where the company is expected to announce new iPhones and Apple Watch models. The launch event will be streamed on Apple's website and YouTube. This year's invites include the tagline "It's Glowtime," a...

Apple announces iPhone event for Sept. 9

In the latest episode of the Money Metals Midweek Memo podcast, host Mike Maharrey dived into the ongoing impacts of inflation, Federal Reserve policies, and the latest developments in the gold and silver markets. Maharrey opened the discussion with an analogy comparing the Federal Reserve’s denial of responsibility for inflation...

Gold Hits Historic Milestones as Inflation and Dollar Weakness Drive Precious Metals Surge

The current upward trend in silver may interest investors as it is expected to reach potential highs of. This rise is attributed to an increased industrial use of silver and a weakening USD environment. Simultaneously, potential disruptions to silver mining operations due to global uncertainties are raising supply concerns. However,...

Silver on the rise amid market volatility

TheStreet

Markets end lower as investor seem to think the Fed has waited too long to cut rates. And they sold stocks hard in response.

Stock Market Today: Stocks crushed as markets see Fed rate error

Former Federal Reserve Vice Chairman Roger Ferguson joins 'Squawk Box' to discuss the Fed's inflation fight, state of the economy, the central bank's rate strategy, and more.

Expect the Fed to cut in a series of 25 basis point moves, says Roger Ferguson

Strong US stock market performance could limit the dollar's downside — even if the Fed is easing, according to Goldman Sachs analysts.

Powell's rate-cut signal hits the US dollar — but strong stock markets could limit the blow, says Goldman Sachs

Buying a house in today's housing market isn't easy as asking prices are only getting higher, and mortgage rates continue to fluctuate. But despite those factors, some metro areas across the United States are actually friendly to those looking to buy this year. This month, Realtor.com released its report on the easiest and hardest housing markets for homebuyers right now.

10 U.S. housing markets where buyers have the most power right now: They're 'in a good position to negotiate,' expert says

Dollar General, Dollar Tree and Kroger have charged customers who ask for cash back in recent years. Their cash-back fees amount to more than $90 million a year, Consumer Financial Protection Bureau reports. Such fees may disadvantage those in banking deserts, where they don't have easy access to cash for...

Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds

The speedy return of market confidence following a dramatic global sell-off in risky assets should be seen as a cause for concern, according to the head of asset allocation research at Goldman Sachs. The S&P 500 lost 3% on Aug. 5, notching its biggest one-day drop since 2022. Since then,...

Goldman issues warning on how quickly market confidence has recovered from an August stocks slump

CBS DFW

Federal Reserve Chair Jerome Powell said "the time has come" for the central bank to adjust its monetary policy, signaling that rate cuts could soon lower borrowing costs for American consumers and businesses.Powell, who spoke at an annual conference of central bankers in Jackson Hole, Wyoming, didn't disclose specifics about when a rate cut could arrive, or its size, although economists have penciled in a reduction at the Fed's September 18 meeting. The federal funds rate now stands in a range of 5.25% to 5.5%, its highest level in 23 years. In conveying that the Fed is likely to start cutting...

Fed Chair Jerome Powell signals "time has come" for interest rate cuts

NewsBreak

Gold falls on firmer dollar as U.S. data takes spotlight

Gold prices dropped about 1% on Wednesday, hurt by a stronger U.S. dollar as investors focused on key inflation data from the world's largest economy for...

Gold falls on firmer dollar as U.S. data takes spotlight

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