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 The CPI Metric That’s Lower Today Than It Was in 1800 READ MORE Turks pile into the dollar, gold and stocks as 67% inflation savages ‘worthless lira’ READ MORE Core Inflation Meets Expectations, Posing Questions for Fed's Next Move READ MORE Record High Credit Card Debt Strains American Finances Amid Inflation READ MORE Why I Took Physical Delivery of My Tesla Stock Certificates READ MORE Add a Comment Cancel replyYour email address will not be published.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
