NewsBite

Investors are buying up gold stocks before the first US rate cut

Cecile Lefort
Cecile LefortMarkets reporter
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Gold prices have just set a fresh record and are set to climb even further to $US2600 this year boosted by looming US interest rate cuts, a weakening dollar and central bank buying.

The strength of the rally in the precious metal has defied analysts expectations, with the spot price up 21 per cent so far this year to hit $US2509.65 an ounce on Friday.

Loading...
Cecile Lefort is a markets reporter based in the Sydney newsroom. Email Cecile at cecile.lefort@afr.com
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Commodities

Fetching latest articles

Most Viewed In Markets

    The Australian Financial Review Magazine

    Peter Dutton photographed for AFR Magazine’s Power issue in 2023.

    BOSS Financial Review

    Kim Feitelberg established her haircare company, HairShots, in early 2023.

    Life & Leisure

    Lisa Stedman, chief operating officer at Cash Converters

    Rich List

    Nick Andrianakos, pictured in Greece’s Nafplio, where he had been building a hotel.

    Original URL: https://www.afr.com/markets/commodities/investors-are-buying-up-gold-stocks-before-the-first-us-rate-cut-20240819-p5k3f3