Gold Prices Rise Despite Weekly Downtrend as Fed Minutes Signal Caution Gold prices rose on Friday but are set for their first weekly decline in three weeks as expectations for U.S. interest rate cuts have diminished due to the Federal Reserve’s recent hawkish stance. Spot gold increased by 0.4% to $2,338.57 per ounce, while U.S. gold futures went up 0.1% to $2,339.80. The dollar index also dropped, making gold cheaper for foreign buyers. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Banking Crisis 2.0 — Are We on the Brink of the Next Financial Crisis? READ MORE Fed's Schmid Advocates Caution as Inflation Nears Target READ MORE Gold's Rally Pauses As Market Consolidates READ MORE Nigeria's Central Bank Raises Interest Rate to Tackle Inflation READ MORE Gold Rally Continues nearing $2,500 with Traders Betting on Fed Rate Reductions READ MORE Add a Comment Cancel replyYour email address will not be published.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