Beware of fraudulent websites impersonating us. Verify website URLs and legal entity details. Avoid unsolicited emails and report suspicious activity.
Your safety is paramount. Thank you for your attention and cooperation. See more details
Gold prices remained stable on Monday as investors braced for a significant week marked by the upcoming U.S. presidential election and potential moves by the Federal Reserve to lower interest rates further. Spot gold edged up 0.1% to $2,738.32 per ounce as of early trading, maintaining momentum close to Thursday’s record high of $2,790.15.
Investors appear to be favoring gold as a safe haven, especially given the uncertainties surrounding both political events and possible shifts in monetary policy. Analysts note that these events could lead to increased volatility in currency markets and U.S. Treasury yields, factors that typically impact gold prices. The dual influences are driving interest in gold, with buyers eyeing both inflationary pressures and the possibility of market swings.
Gold futures remained steady at $2,747.80 per ounce in the U.S., with traders largely staying cautious in advance of the key developments. This stance is likely due to expectations that a Fed rate cut could drive down yields and support gold prices, as lower interest rates reduce the opportunity cost of holding non-yielding assets like bullion.
Ahead of these outcomes, gold has shown strong resilience, underscoring its appeal as a hedge against inflation and economic uncertainty. Should the Fed opt for another rate reduction, gold may see a boost from a weakening dollar, as investors look to safeguard assets amid potential shifts in the economic landscape.
For now, analysts are closely watching price movements and investor sentiment, with market players potentially waiting for the election results and Fed decisions before making large moves in the gold market.
This website is published by Fortune Prime
The information provided on this website is intended for general informational purposes only and does not constitute financial or investment advice. The content on this website is not tailored to the specific circumstances or investment objectives of any individual or entity.
Please be aware that the products mentioned on this website, including Over the Counter (OTC) foreign exchange contract and derivative products carries a high level of risk which may not be suitable for everyone, that may result in the loss of your investment. We strongly recommend seeking professional advice or conducting thorough research before making any investment decisions or engaging in derivative product trading.
This website may provide links to external websites or third-party content for your convenience. However, we do not endorse or take responsibility for the accuracy, completeness, or reliability of any information, products, or services offered by these external sources.
By using this website, you acknowledge that you have read, understood, and agreed to the terms of this disclaimer. If you have any questions or concerns, please contact us for further clarification.
Please note that this disclaimer applies specifically to non-Australian products. If you are located in Australia, different regulations and disclosures may apply.
The availability, terms, and conditions of these products may vary depending on your jurisdiction.
The services listed on this website are not available to residents of the USA, Japan, Ukraine, Indonesia, New Zealand, Australia, and North Korea.
Fortune Prime Limited is authorised and regulated by the Vanuatu Financial Services Commission (VFSC), number 700507.
Registered address: 1276 Govant Building, Kumul Highway, Port Vila, Vanuatu.
Business (physical) address: Suite 5, 18-20 Prospect St, Box Hill VIC 3128 Australia.
Financial Services Guide | Privacy Policy | Product Disclosure Statement | Terms & Conditions
This website is published by Fortune Prime Limited.
Investing in Over the Counter (OTC) foreign exchange and derivative products carries a high level of risk and is not suitable for all investors. You do not own, or have, any interest in the underlying assets. We encourage you to consider your investment objectives, your risk tolerance, and trading experience and seek independent financial or tax advisor advice or conducting thorough research before trading. You could lose substantially more than your initial investment so do not invest money you cannot afford to lose. We only provide general advice which does not consider your financial objectives or personal circumstances. The content of this website should not be interpreted as personal advice.
Customers registered on this website will open under Fortune Prime Limited, which is incorporated in Vanuatu with a financial license number 700507 and is regulated by the Vanuatu Financial Services Commission (VFSC).
The Fortune Prime Group of companies is authorized and regulated in various jurisdictions.
Fortune Prime Limited trading as Fortune Prime Global, is authorised and regulated by the Vanuatu Financial Services Commission (VFSC), number 700507 and is Registered address: 1276, Govant Building, Kumul Highway, Port Vila, Vanuatu.
Financial Services Guide | Privacy Policy | Product Disclosure Statement | Terms & Conditions
Please add the WeChat FPG_01, or scan the QR code.
