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 Bill Gross Urges Federal Reserve to Halt Tightening and Slash Rates to Avert Recession READ MORE U.S., Japan, and South Korea Unite to Stabilize Dollar READ MORE Fed Expected to Hold Rates Steady READ MORE Commercial Real Estate Concerns Lead to Higher Borrowing Costs for Banks READ MORE Fed Rate Cut Hopes Dampened by Persistent Inflation and Strong Job Growth READ MORE Add a Comment Cancel replyYour email address will not be published.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