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 Great American Housing Squeeze: Construction Costs Out of Reach for Most READ MORE Gold Expert Talks 2024 Outlook, Plus Forecast for Silver, Platinum and Palladium READ MORE Zimbabwe Will Attempt to Create Gold-Backed Currency READ MORE Major Win for Consumers: Credit Card Late Fees Reduced by CFPB Ruling READ MORE Fed's Rate Cut Hesitation: Inflation Concerns and Economic Uncertainties Dominate READ MORE Add a Comment Cancel replyYour email address will not be published.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