Gold prices bolt to all-time high

Gold prices bolted to an all-time high above $2,100 per ounce on Monday as Federal Reserve Chair Jerome Powell’s remarks elevated traders’ confidence that the U.S. central bank could cut interest rates early next year.

Spot gold XAU= was up 0.7% at $2,085.76 per ounce by 0353 GMT. Earlier in the session, bullion surged to an all-time high of $2,111.39.

Powell on Friday said “the risks of under- and over-tightening are becoming more balanced,” but the Fed is not thinking about lowering rates right now.

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
KEFI Gold and Copper

More articles like this

Gold surge signals deepening doubts in the dollar

As gold prices shatter records and global central banks quietly shift their reserves, investors are seeing more than just a rally in precious metals—they’re witnessing a growing global scepticism about the future of the US dollar.

KEFI Gold and Copper

Gold soars to new heights

Gold prices surged past previous records on Monday, driven by a wave of safe-haven demand following fresh tariff threats from U.S. President Donald Trump. As global trade tensions escalate, investors are piling into the precious metal,