Gold Climbs as Powell Paves Way for September Rate Cut Gold prices are nearing record highs as Federal Reserve Chair Jerome Powell’s recent comments signal an imminent interest rate cut, possibly as soon as September. The softening dollar and expectations of lower interest rates are driving investors towards gold as a safe-haven asset. Central bank purchases and strong demand in key markets like India and China are further supporting gold’s rally. While silver prices are also rising, they have been somewhat constrained by sluggish global industrial production. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Crude Oil Rally Continues: Third Weekly Gain as Middle East Tensions Escalate READ MORE China Resumes Gold Buying READ MORE The Italian Job Revisited: How Much Are Those Gold Bars Worth Today? READ MORE Gold: "It's Off To The Races From Here" READ MORE Fed Rate Cut Propels Gold to New Record Highs READ MORE Add a Comment Cancel replyYour email address will not be published.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