Gold Gains on Fed Rate Cut Hopes; Copper Prices Rebound Gold prices surged in Asian trade on Thursday, driven by weak economic data that bolstered expectations of Federal Reserve rate cuts, which weakened the dollar. Traders are optimistic about global monetary easing, with rate cuts expected from the Bank of Canada and the European Central Bank. Spot gold rose 0.6% to $2,370.40 an ounce, while gold futures fell 0.6% to $2,389.70 an ounce. Meanwhile, copper prices rebounded from a one-month low, supported by a softer dollar, with benchmark copper futures rising 1.5% to $10,074.50 a tonne. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oil Markets React to Missile Strike in Damascus Sparks Fear READ MORE Bank of America's Largest Shareholder Berkshire Hathaway Offloads Another $228.7M READ MORE De-Dollarization: BRICS Shifts $260 Billion Trade Away from Dollar READ MORE 12 Nations Leading the Charge Seeking Dollar Alternatives READ MORE 2024 Profit Forecasts Lowered, Dampening Investor Expectations READ MORE Add a Comment Cancel replyYour email address will not be published.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