Precious Metal Prices Climb on Powell's Rate Cut Signal Gold prices rose 1% on Friday as Federal Reserve Chair Jerome Powell signaled a likely interest rate cut in September. Powell’s comments that “the time has come” to adjust monetary policy caused the dollar and Treasury yields to decline, making gold more attractive to investors. The precious metal’s value increased to $2,508.25 per ounce, with analysts expecting further gains ahead of the September Fed meeting and the release of the updated dot plot indicating potential future rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oil Prices Rise Above $80 Amid Iran-Israel Tensions READ MORE The Great American Housing Squeeze: Construction Costs Out of Reach for Most READ MORE Strong U.S. December Job Growth Questions Potential March Fed Rate Cut READ MORE Opinion: Fed Should Cut Interest Rates to Avoid Economic Harm READ MORE Inflation Eases, But Its Impact Lingers in American Lives READ MORE Add a Comment Cancel replyYour email address will not be published.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