Gold $2500 as Sept' Rate-Cut Bets Drop, China Fails to Buy Again
Gold Price News By Adrian Ash – Monday 9th September 2024
GOLD PRICES regained the $2500 level Monday lunchtime in London, trading at what was a new record high only 3 weeks ago even as speculation grew that the Federal Reserve will cut US interest rates by just a quarter-point at next week's September meeting, while China's central bank said it bought no gold for its reserves for the 4th month running in August, writes Atsuko Whitehouse at BullionVault.
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