Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: Reports of two IOF soldiers killed in military vehicle explosion in Rafah.
Israeli media: Israeli soldier killed, another wounded in explosion in Rafah.
Medical sources in West Bank: Palestinian killed by occupation fire; wounded and left to bleed while ambulance crews were barred from reaching him in Al-Ain refugee camp, west of Nablus.
Hamas: Facts on ground reveal opposite of claims, as occupation authorities were ones who armed criminal gangs that practiced murder and kidnapping against people of Gaza.
Hamas: US Department of State's false claims fully in line with Israeli disinformation.
Hamas responds to US claims in statement, fully rejects US claims of "imminent attack" or violation of ceasefire.
Field sources in West Bank: Israeli bulldozers vandalize Palestinian lands northwest of Nablus.
Field sources in West Bank: Settlers attack Palestinian farmers harvesting olives in Nablus.
Field sources in West Bank: Armed Israeli settlers torch Palestinian vehicles near olive groves in Turmus Ayya north of Ramallah.
Israeli PM Office: Netanyahu has ordered that the Rafah crossing will not open until further notice.

Gold prices hit record high amid Fed rate cut expectations

  • By Al Mayadeen English
  • Source: Agencies
  • 13 Sep 2024 21:24
2 Min Read

Gold futures are up 25% in 2024, making it one of the year’s top-performing commodities, in contrast to oil prices, which have fallen by over 6%.

Listen
  • x
  •  In this April 16, 2020, file photo, a customer puts gold bars on basket for sell to a gold shop in Bangkok, Thailand. (AP)
    In this April 16, 2020, file photo, a customer puts gold bars on basket for sell to a gold shop in Bangkok, Thailand. (AP)

Gold prices surged to a new all-time high on Friday, surpassing $2,600 an ounce, continuing its record-breaking trend.

US gold futures for December delivery reached $2,611.60 per ounce, marking a 1% daily increase and a weekly gain of over 2% after two weeks of losses.

Spot gold also hit a high of $2,583.36, showing a 0.8% rise for the day and a 2.5% gain for the week.

The rally in gold prices is great part driven by expectations of a US Federal Reserve interest rate cut, the first in over four years, which may be announced next week.

Related News

Gold price soars past $4,100 Monday amid trade tensions

Gold hits record $4,059 as US-China trade clash fuels safe-haven rush

#Gold is on the loose pic.twitter.com/Hs1cFp7j2O

— Top Rank Capital (@toprankcapital) September 12, 2024

Analysts suggest the Fed might opt for a 25- or 50-basis point cut due to easing inflation, which has slowed to 2.5% annually, down from 9.1% in June 2022.

Gold's inverse relationship with the US dollar, which has weakened by 4% since June, also contributed to the rise.

Gold futures are up 25% in 2024, making it one of the year’s top-performing commodities, in contrast to oil prices, which have fallen by over 6%.

Read more: Gold price hits all time high; USD, Treasury bonds' yields diminish

  • Federal reserve
  • Gold prices
  • Gold

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Iraqi religious leader Sheikh Jawad al-Khalisi on Al Mayadeen Plus, October 18, 2025 (Screengrab)
Politics

Most powerful decision-maker in Iraq is US: Sheikh Al-Khalisi

Flags of Iran, Russia, and China (IRNA)
Politics

Iran, Russia, China confirm: Iran nuclear issue out of UNSC

Member of the Loyalty to the Resistance bloc Ali Fayyad speaks to Al Mayadeen, October 18, 2025 (Screengrab)
Politics

Hezbollah, allies will reject direct talks with 'Israel': MP Fayyad

The bodies of killed Palestinians held by "Israel" during the war are downloaded from Red Cross vehicles after their release, at the Nasser Hospital in Khan Younis, southern Gaza Strip, Oct. 15, 2025. (AP)
Politics

From rubble to graveyards, Gaza continues recovering its martyrs

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS