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Gold Prices Update: How Much is Gold Worth? Latest Gold Rates on October 9, 2024

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Investors are curious about the current gold prices. They are researching the prices of a gram of gold and a quarter of gold for today. So, how much are the gold prices? How much is a gram of gold and a quarter of gold today? Current quarter gold rates on October 9, 2024…Gold prices remained flat ahead of the Federal Reserve (Fed) meeting minutes. Gold started the day around $2,618 with a 0.14% decrease. Gram and quarter prices moved parallel to the performance of gold. Gram gold found buyers at 2,884 Turkish Lira. Quarter gold also changed hands at the level of 4,731 Turkish Lira. Investors focused on the meeting minutes to learn about the path Fed will follow regarding interest rates. Fed officials who spoke yesterday expressed that rates could be lowered to prevent the expected slowdown in the economy from adversely affecting employment. New York Fed President John Williams told the Financial Times that last week’s significant increase in non-farm payroll employment indicates a healthy economy, while the decrease in inflation allows for a gradual reduction in interest rates. Expectations for a 50-basis point rate cut by Fed in November have lowered. Markets priced in a 25-basis point rate cut with an 88% probability.

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