Gold Feb 24 (GC=F)
| Pre. Settlement | N/A |
| Settlement date | 2024-02-27 |
| Open | 2,041.70 |
| Bid | 2,046.60 |
| Last price | 2,040.00 |
| Day's range | 2,055.90 - 2,072.70 |
| Volume | |
| Ask | 2,046.80 |
- Yahoo Finance Video
Gold climbs back to six-month high
Gold prices (GC=F) roar back to life, climbing to a six-month back high. Yahoo Finance Senior Reporter Jared Blikre provides commentary on the commodity action, comparing trends in gold to behaviors seen from the euro and the inverted 10-year real yield. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Reuters
GLOBAL MARKETS-Equities gain while Treasury yields fall on data, talk of Fed rate cuts
MSCI's global equities index was gaining slightly on Wednesday while Treasury yields fell as third quarter data provided encouraging signs for the economy even as U.S. Federal Reserve officials provided mixed messages on monetary policy. Commerce Department data showed U.S. gross domestic product(GDP) rose at a 5.2% annualized rate last quarter, revised up from the previously reported 4.9% pace and marking the fastest pace of expansion since the fourth quarter of 2021. The GDP report also confirmed inflation was trending lower, with slight downward revisions to measures watched by the Fed for monetary policy, suggesting a so-called Goldilocks scenario to Garrett Melson, portfolio strategist at Natixis Investment Managers Solutions.
- Reuters
GLOBAL MARKETS-Bonds bask in talk of Fed interest rate cuts
Treasury yields and the dollar hit multi-month lows on Wednesday after a U.S. Federal Reserve official made fresh hints of interest rate cuts, while stocks gained ground on hopes of easing inflation. Fed funds futures rallied on the remarks to price in more than hundred basis points (bps) of cuts in 2024 and a 40% chance they begin as soon as March. Two-year Treasury yields fell sharply and touched fresh lows in the Asia session.
