Gold hits one-week high on Fed rate-cut bets, Venezuela turmoil
Gold rose further on Tuesday to hit a one-week high, as dovish comments from Federal Reserve officials boosted interest rate-cut bets and Venezuela tensions bolstered safe-haven demand.
Spot gold was up 0.5% at $4,469.96 per ounce, as of 0534 GMT, after rising nearly 3% in the last session. Bullion hit a record high of $4,549.71 on December 26, and logged its best annual performance since 1979 last year with a jump of 64%.
U.S. gold futures for February delivery rose 0.7% to $4,481.30.
Investors currently expect at least two rate cuts this year, while they look to the nonfarm payroll report, due on Friday, for more monetary policy cues.
Spot silver gained 3.5% to $79.18 per ounce, after hitting an all-time high of $83.62 on December 29. Silver ended 2025 with annual gains of 147%, far outpacing gold, in what was its best year on record.
Spot platinum was up 2.8% at $2,334.25 per ounce, after rising to an all-time high of $2,478.50 last Monday. It rose more than 5% earlier in the session to a one-week high.
Wall Street stocks ended higher Monday with the Dow closing up about one-and-a-quarter percent,
Palladium traded 1.9% higher at $1,739.25 per ounce.
Reuters
Gold rose further on Tuesday to hit a one-week high, as dovish comments from Federal Reserve officials boosted interest rate-cut bets and Venezuela tensions bolstered safe-haven demand.
Spot gold was up 0.5% at $4,469.96 per ounce, as of 0534 GMT, after rising nearly 3% in the last session. Bullion hit a record high of $4,549.71 on December 26, and logged its best annual performance since 1979 last year with a jump of 64%.
U.S. gold futures for February delivery rose 0.7% to $4,481.30.
Investors currently expect at least two rate cuts this year, while they look to the nonfarm payroll report, due on Friday, for more monetary policy cues.
Spot silver gained 3.5% to $79.18 per ounce, after hitting an all-time high of $83.62 on December 29. Silver ended 2025 with annual gains of 147%, far outpacing gold, in what was its best year on record.
Spot platinum was up 2.8% at $2,334.25 per ounce, after rising to an all-time high of $2,478.50 last Monday. It rose more than 5% earlier in the session to a one-week high.
Wall Street stocks ended higher Monday with the Dow closing up about one-and-a-quarter percent,
Palladium traded 1.9% higher at $1,739.25 per ounce.
Reuters
Gold rose further on Tuesday to hit a one-week high, as dovish comments from Federal Reserve officials boosted interest rate-cut bets and Venezuela tensions bolstered safe-haven demand.
Spot gold was up 0.5% at $4,469.96 per ounce, as of 0534 GMT, after rising nearly 3% in the last session. Bullion hit a record high of $4,549.71 on December 26, and logged its best annual performance since 1979 last year with a jump of 64%.
U.S. gold futures for February delivery rose 0.7% to $4,481.30.
Investors currently expect at least two rate cuts this year, while they look to the nonfarm payroll report, due on Friday, for more monetary policy cues.
Spot silver gained 3.5% to $79.18 per ounce, after hitting an all-time high of $83.62 on December 29. Silver ended 2025 with annual gains of 147%, far outpacing gold, in what was its best year on record.
Spot platinum was up 2.8% at $2,334.25 per ounce, after rising to an all-time high of $2,478.50 last Monday. It rose more than 5% earlier in the session to a one-week high.
Wall Street stocks ended higher Monday with the Dow closing up about one-and-a-quarter percent,
Palladium traded 1.9% higher at $1,739.25 per ounce.
Reuters
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Gold hits one-week high on Fed rate-cut bets, Venezuela turmoil
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