Loading...
[Gold Prices Rise for Five Consecutive Weeks, Market Focuses on Federal Reserve Policy] Gold prices rose on Friday, marking the fifth consecutive week of gains. The Federal Reserve announced its first 25 basis point rate cut of the year, but its warnings on inflation have sparked doubts in the market about the pace of future easing. Spot gold briefly touched a high of $3707.40 during intraday trading before pulling back. Analysts believe the bullish trend for gold remains unchanged and may break $4000 by year-end. Spot silver surged over 2.2%, platinum rose 1.4%, as some investors shifted to the more affordable silver and platinum.