Gold Prices Poised for Weekly Gain Ahead of Fed Decision Catalyst Gold prices are holding steady above $2,500 per ounce as investors eagerly await US economic data, particularly the payrolls report, which could significantly influence the Federal Reserve’s decision on interest rate cuts this month. Recent weak job market data has increased expectations for rate cuts, typically beneficial for gold as a non-interest-bearing asset. The precious metal has seen a substantial 20% rise this year, driven by rate cut optimism, strong over-the-counter purchases, and geopolitical tensions, with prices reaching a record high in August. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Thailand Pension Fund Bets on Gold and Commodities to Offset Weak Stocks READ MORE Despite Temporary Lull, China's Gold Buying Spree Far From Over, Say Insiders READ MORE Gold and Bitcoin Surge: Signals Time for a New Gold Standard? READ MORE Misery Index vs. Consumer Sentiment: A Paradox in American Economic Perception READ MORE Central Banks' Gold Rush Propels Prices to Unprecedented Levels READ MORE Add a Comment Cancel replyYour email address will not be published.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