Gold prices rise after bumper Fed rate cut; copper upbeat on China stimulus
Spot gold rose 0.3% to $2,593.31 an ounce, while gold futures expiring in December rose 0.2% to $2,618.40 an ounce by 00:43 ET (04:43 GMT). Safe haven demand for gold was also aided by worsening tensions in the Middle East, after Israel allegedly exploded electronic devices used by Hezbollah, drawing vows of retaliation.
Bitcoin has surged 7% in the past five days, breaking through $64,000 for the first time this month.Gold has hit all-time ...
Bullion climbed as much as 0.5% to a high of $2,589.70 an ounce, extending last week’s 3.2% gain, ahead of the Fed’s Sept. 17-18 meeting that’s widely expected to result in a rate cut of at least ...
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