Gold Poised for Weekly Gains as Traders Hope for More Fed Rate Cuts

Group 1 - Gold prices are set for a weekly gain following a quarter-point interest-rate cut by the Federal Reserve, with futures rising 0.2% to $4,322.20 per troy ounce and up 1.9% for the week [1] - Silver futures have reached a record high of $64 per ounce, driven by speculative momentum related to supply deficits [1] Group 2 - Analysts from Sucden Financial indicate that gold's price movements are closely tied to the broader policy outlook and real yields, suggesting that gold will serve as a more stable indicator of macroeconomic sentiment [2] - The potential for gold prices to rise further may be limited unless there is a significant weakening of the dollar [2]