Gold Hits Three-Week High as Cooling Inflation Fuels Fed Rate Cut Hopes Gold prices reached a three-week high on Wednesday, driven by a weaker dollar and lower yields after the U.S. consumer price index rose less than expected in April, increasing the likelihood of Federal Reserve interest rate cuts. Spot gold rose 0.4% to $2,367.29 per ounce, and U.S. gold futures rose 0.6% to $2,372.70, as investors anticipated that cooling inflation could lead to rate cuts by September. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Shines in Short-Term as Copper Holds Mid-Term Appeal, Deutsche Bank Survey Finds READ MORE Investors Eye Fed Minutes for Gold Price Guidance, as Precious Metal Surpasses $2,000 Mark READ MORE Concerns Arise Over CPI Data Accuracy with Response Rates Lagging READ MORE Goldman Sachs: Bullish Outlook on Copper, Gold, and Oil READ MORE Study Reveals Shift from Stocks to Sports Betting READ MORE Add a Comment Cancel replyYour email address will not be published.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