Gold steadies just below peak<\/strong> At 02:17 ET (06:17 GMT), spot gold rose 0.5% to $3,646.14\/oz<\/strong>, after touching an all-time peak of $3,674.09\/oz on Tuesday. December gold futures<\/strong> were steady at $3,684.60\/oz, following a surge above $3,700 in the prior session.<\/p>\n\n\n\n Year-to-date, gold has gained nearly 40%, driven by robust safe-haven flows linked to President Donald Trump\u2019s trade policies and sustained central bank buying, particularly from China.<\/p>\n\n\n\n Fed rate cut bets cemented by weak labor data<\/strong> This spurred expectations for a 25-basis-point cut<\/strong> at the Fed\u2019s September 16\u201317 meeting, with markets assigning a small probability to a larger half-point move. Lower interest rates tend to reduce the appeal of yield-bearing assets, boosting gold\u2019s attractiveness.<\/p>\n\n\n\n Silver and platinum climb; copper tracks China data<\/strong> Industrial metals edged higher, with benchmark LME copper up 0.3% to $9,960.50\/ton<\/strong> and COMEX copper up 0.3% to $4.59\/lb<\/strong>.<\/p>\n\n\n\n However, sentiment around base metals was tempered by fresh signs of deflationary pressure in China. Data showed consumer prices fell more than expected in August, while producer prices declined for the 35th consecutive month, underscoring persistent weakness in the world\u2019s second-largest economy.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold steadies just below peakGold prices held close to record highs in Asian trading on Wednesday, as firm expectations of a Federal Reserve interest rate cut next week buoyed demand for the precious metal. At 02:17 ET (06:17 GMT), spot gold rose 0.5% to $3,646.14\/oz, after touching an all-time peak of $3,674.09\/oz on Tuesday. December …<\/p>\n","protected":false},"author":9,"featured_media":81892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-118648","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118648"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118648\/revisions"}],"predecessor-version":[{"id":118649,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118648\/revisions\/118649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81892"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Gold prices held close to record highs in Asian trading on Wednesday, as firm expectations of a Federal Reserve interest rate cut next week buoyed demand for the precious metal.<\/p>\n\n\n\n
The latest U.S. labor revision showed the economy created 911,000 fewer jobs<\/strong> over the past year than previously estimated, reinforcing signs of a cooling jobs market.<\/p>\n\n\n\n
Other precious metals also gained. Platinum futures rose 0.8% to $1,387.60\/oz<\/strong>, while silver futures jumped nearly 1% to $41.725\/oz<\/strong>, holding close to last week\u2019s 14-year highs.<\/p>\n\n\n\n