Gold Price Hovers at Record Peaks: Eyes Set on Fed's Powell for Rate Cut Hints Gold prices edged higher on Wednesday, lingering near the record highs set in the previous session, with investors eagerly awaiting Federal Reserve Chair Jerome Powell’s upcoming testimony for indications of a possible interest rate cut in June. Spot gold rose by 0.3% to $2,132.80 per ounce by midday, just shy of its historic peak of $2,141.59 reached the day before. Similarly, U.S. gold futures remained stable at $2,141.60. The precious metal’s climb to new heights isn’t just in dollars; it has also reached record levels in other major currencies, reflecting its global appeal as a safe haven amid economic uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts From 68 Cents to $18: The Inflation Shockwave at McDonald's READ MORE Oil Prices Spike as US Inflation Concerns Ease and Geopolitical Tensions Rise READ MORE Gold’s Rally Leaves Some Market ExpertsBaffled READ MORE Fed's Rate Cut Expectations Delayed as US Economy Proves Robust READ MORE Middle East Tensions Rise: Recent Strikes Near U.S. Base in Syria Escalate Ongoing Conflict READ MORE Add a Comment Cancel replyYour email address will not be published.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
