Gold Prices Soar to Unprecedented Heights Amid Anticipation of Fed Rate Cuts Gold prices reached a new zenith on Monday, continuing their upward trajectory fueled by expectations of a U.S. Federal Reserve rate cut and the enduring allure of gold as a haven during uncertain times. The spot price of gold climbed 0.6%, reaching $2,245.79 per ounce, while U.S. gold futures surged over 1% to $2,266.39 per ounce. Joseph Cavatoni, a market strategist at the World Gold Council, described this as a thrilling time for gold, attributing the rally to growing investor confidence in the anticipated Federal Reserve cuts. Market observers are keenly anticipating rate reductions by the U.S. Federal Reserve, possibly in May or June, further stoking the bullish sentiment in the gold market. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Labor Market Resilience Amidst Technology Layoff Wave READ MORE Saudi Arabia Joins China-Led CBDC Project for Cross-Border Trade READ MORE U.S. Office Market Faces Major Glut, Warns Brookfield Executive READ MORE Gold Futures Fall as Easing Geopolitical Strains Diminish Safe-Haven Appeal READ MORE Oxford: Recession Fears Ease as US Economy Shows Signs of Stabilization READ MORE Add a Comment Cancel replyYour email address will not be published.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