NYSEARCA:GLD

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$378.13
+7.53 (+2.03%)
At Close: Jul 02, 2026
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover

Gold price pausing as FOMC meeting looms

08:30am, Tuesday, 17'th Sep 2024
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
The rally on gold prices shows no sign of letting up, with the precious element touching all-time highs of U$2,580 (£1,951) on Tuesday. It comes amid expectations of an interest rate cut from the US
A 50-bp Fed rate cut could drive gold above $2,600, but a 25-bp cut may trigger a sell-off. Central bank demand and ETFs keep long-term gold outlook bullish.
VNQ, ITB, XLY, IWM and GLD are included in this Analyst Blog.
As gold prices retreat to $2,576, the focus shifts to key support at $2,560. Will a breakdown lead to further bearish momentum?
After the early work of central banks and high net worth individuals it's time for small investors to drive the gold price higher as they shift funds into gold-backed exchange-traded funds (ETFs) with
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Demand for gold stays strong ahead of the Fed decision, which will be released on Wednesday.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
The Fed is scheduled for the first rate cut since 2020 in its meeting this week. Lower rates stimulate economic growth and provide a boost to the stock market.
Comex gold futures have settled at record levels 34 times this year. Declining interest rates are part of the story.
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