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 Prices Reach 8-Week Highs: U.S. Stockpile Drop and China's Stimulus Fuel Surge READ MORE Canada's MSB Registry Under Scrutiny: A Loophole for Financial Crime? READ MORE Jobless Claims Drop Unexpectedly, Signaling Resilient Labor Market READ MORE Navigating Gold's Volatility: The 2024 Surge and Its Implications READ MORE Banking Crisis 2.0? NYCB Stock Down 60% in One Week READ MORE Add a Comment Cancel replyYour email address will not be published.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