Gold price hits record high on looming US tariff fears

Quick Summary:

Gold’s rise on Thursday came a day after the US Federal Reserve held interest rates steady and chair Jay Powell signalled caution over further rate cuts.

A weakening US dollar also helped to fuel the gold rally, as it makes bullion cheaper to buy using other currencies.

The surge into New York has depleted stocks of readily available gold in London, where there is currently a queue of four to eight weeks to withdraw it from the Bank of England.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Leslie Hook

Category: MarketsFinanceInvesting

Markets: United StatesCanadaMexico

Topics: Data Stockpile Cent Year Gold York Bullion Financial Thursday Tariffs Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 18:02:52 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25642076

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 10 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions