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 Gold Retreats from All-Time Highs as Traders Eye Upcoming U.S. Inflation Data READ MORE Economic Indicators and Political Shifts Propel Gold Above $2,425 READ MORE How Weakening Debt Terms Are Reshaping the Bond Market READ MORE Social Media Sparks Gold-Buying Frenzy in Iran READ MORE Balancing Act: Oil Market Weighs China Concerns Against OPEC+ Cuts and Geopolitical Risks READ MORE Add a Comment Cancel replyYour email address will not be published.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