Gold Nears Two-Month High Amid Anticipation of US Rate Cut Gold prices remained close to a two-month high, influenced by last week’s weak U.S. economic data, which has increased expectations for the Federal Reserve to lower interest rates in June. As of midday GMT, spot gold was stable at $2,082.89 per ounce, while U.S. gold futures saw a slight decline of 0.2% to $2,091.50. The anticipation of an interest rate cut has buoyed gold prices, with spot gold nearly reaching the $2,088.19 mark seen last Friday, the highest since late December. Earlier in December, gold had reached an all-time high of $2,135.40, underscoring its role as a safe-haven asset amid economic uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Price Inflation Accelerates for Second Month as Biden Blames “Greed” READ MORE Biden Administration Erases $1.2 Billion in Student Debt for 150,000 Americans READ MORE US Housing Market Shows Life, Yet Overvaluation Clouds Recovery, Fitch Reports READ MORE Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi READ MORE Economic Confidence at Odds: Strong Indicators vs. American Pessimism READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
