Gold/AUD

Gold prices have banked gains for the last two days, driven by multiple factors, with the upcoming Federal Open Market Committee (FOMC) meeting being the primary focus. The precious metal's rally comes as investors anticipate the Federal Reserve's first interest rate cut since 2020. The Fed's impending policy shift aims to normalize interest rates from ...

Gold prices per ounce surpassed $2,500 USD for the first time ever in August 2024, setting a new all-time high. The surge in gold value this year has largely been driven by increased central bank demand amidst an increasingly complicated geopolitical and financial landscape. A World Gold Council survey conducted in April 2024 found that 29% of central bank ...