Gold Nears Two-Month High Amid Anticipation of US Rate Cut Gold prices remained close to a two-month high, influenced by last week’s weak U.S. economic data, which has increased expectations for the Federal Reserve to lower interest rates in June. As of midday GMT, spot gold was stable at $2,082.89 per ounce, while U.S. gold futures saw a slight decline of 0.2% to $2,091.50. The anticipation of an interest rate cut has buoyed gold prices, with spot gold nearly reaching the $2,088.19 mark seen last Friday, the highest since late December. Earlier in December, gold had reached an all-time high of $2,135.40, underscoring its role as a safe-haven asset amid economic uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold and Bitcoin: Vital Challengers to Fiat Currencies READ MORE Cheap Trips to Costly Getaways: The Potential Impact of Fed Rate Cuts on U.S. Travelers READ MORE JPMorgan Bullish on Gold: $2,500/oz Target READ MORE Four Factors Threatening the Dollar's Global Supremacy READ MORE Economists Question the Recession-Predicting Power of the Inverted Yield Curve READ MORE Add a Comment Cancel replyYour email address will not be published.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