Gold Price Hovers at Record Peaks: Eyes Set on Fed's Powell for Rate Cut Hints Gold prices edged higher on Wednesday, lingering near the record highs set in the previous session, with investors eagerly awaiting Federal Reserve Chair Jerome Powell’s upcoming testimony for indications of a possible interest rate cut in June. Spot gold rose by 0.3% to $2,132.80 per ounce by midday, just shy of its historic peak of $2,141.59 reached the day before. Similarly, U.S. gold futures remained stable at $2,141.60. The precious metal’s climb to new heights isn’t just in dollars; it has also reached record levels in other major currencies, reflecting its global appeal as a safe haven amid economic uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Why Gold May Not Go Above $2,100 Without Rate Cuts READ MORE The 21st Century Gold Rush: A Barometer of Global Unease READ MORE Are Gold ETFs Backed By Physical Gold? READ MORE ‘Just a Matter of Time’ Before Gold Gets to $3,000 Says Bloomberg Strategist READ MORE My First Ever Client Purchased $1/2 Million Gold & Silver in 2005 READ MORE Add a Comment Cancel replyYour email address will not be published.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