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 Weak July Jobs Data Stirs Recession Fears, but Economists Urge Caution READ MORE Fed Minutes Hint at Monetary Policy Shift This Friday READ MORE BullionStar Insights: Systemic Banking Crisis – Calm Before The Storm READ MORE Powell Signals Fed's Readiness for Rate Cuts at Jackson Hole READ MORE Rise in Hong Kong Jewelry Market, Exports Up 6% in Early 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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