GOLD PRICES RISE AS FED RATE HIKE BETS FADE , ANZ SEES $5 , 000 IN 2027

What happened: Gold prices climbed as investors scaled back expectations for another Federal Reserve rate hike in October following comments from Fed Chair Kevin Warsh. Key numbers: Spot gold rose 0.2% to $4,173.59 per ounce; U.S. futures rose 0.3% to $4,194.05. Why it matters: Reduced rate hike expectations improved gold's appeal, since higher rates typically pressure the non-yielding metal. ANZ sees limited near-term upside from elevated yields and dollar strength but expects sustained investment and central bank demand to support prices longer term.

Gold rises as fading Fed rate hike bets and ANZ's $5,000 2027 forecast lift prices.

Gold rises as fading Fed rate hike bets and ANZ's $5,000 2027 forecast lift prices. — impact context not separately stored; see What changed.