Gold Rates in USA
(Updated on 29 May, 2020 12:30:29) - Gold Rate in USA - Find live and updated gold price in USA today, also find gold spot prices in U.S. US$ Dollar per ounce or OZ and per gram gold bullion rates in USA. According to the one of expert of gold Peter A. Grant Gold has extended to the upside, buoyed a ballooning U.S. trade deficit and mounting global growth risks. The yellow metal has approached the 1156.72 high from September 24, which remains intact at this point. The U.S. trade deficit surged to -$48.3 bln in August, well beyond expectations of -$43.0 bln, versus -$41.8 bln in July. Exporters have consistently lamented the strength of the dollar as a contributing factor to their woes. It's another reason why I don't think the Fed would be hiking rates this year; it would further exacerbate the trade situation. The rising trade deficit has already prompted some analysts to lower their Q3 and Q4 growth forecasts. Meanwhile, the IMF further slashed their global growth outlook to 3.1% this year and 3.6% in 2016. Both are 0.2% lower than their July projection and mark the fourth downgrade to global growth this year. As economies around the globe sputter, the prospects for a Fed rate hike further dim. In fact, there is heightened talk that the Fed might have to ease before they even consider tightening. Find gold rates in New York, Washington and other cities such as; 24K per ounce in US$ Dollar, 24K per 10 gram, 22K per 10 grams, 24K per tola and 22K per tola respectively. Stay with us it is a unique platform for live gold updates and join useful discussion forum below. This page automatically updates the current market gold rates in every 10 minutes.