Gold Rallies as Fed's Powell Hints at Inflation Progress Gold prices rose on Wednesday as the U.S. dollar weakened following dovish comments from Federal Reserve Chair Jerome Powell. Investors are now focusing on the upcoming minutes from the Fed’s latest policy meeting for insights into potential interest rate cuts. The softening dollar, combined with Powell’s acknowledgment of improving inflation trends, has made gold more attractive to investors. Market expectations now favor rate cuts in September and December, which could further boost gold’s appeal as a non-yielding asset. However, upcoming economic data, including job reports, will play a crucial role in shaping the precious metal’s trajectory. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Poised for Stellar Rise Amid Central Bank Buying and Fed Rate Cuts READ MORE Inflation Squeeze: Gen Z Turns to Parents and Budget Cuts to Survive READ MORE Oxfam Report: Billionaire Fortunes Double Amidst Global Pandemic READ MORE Rosenberg Forecasts Gold to Hit Unprecedented $3,000 READ MORE China's GDP Growth Slumps to 5-Quarter Low, Raising Concerns for Xi's Economic Strategy READ MORE Add a Comment Cancel replyYour email address will not be published.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