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 Debt Service Costs Threaten Sustainable Development in Developing Countries READ MORE Global $91 Trillion Debt Crisis Looms as Politicians Dodge 'Hard Choices' READ MORE South Korea's Reserve Bank Holds Back Amid Global Rush READ MORE CPI Up 0.4% in February, a 3.2% Increase From a Year Ago READ MORE Precious Metals Prices Show Mixed Trends, Index Remains Sideways READ MORE Add a Comment Cancel replyYour email address will not be published.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