Gold Prices Poised for Weekly Gain Ahead of Fed Decision Catalyst Gold prices are holding steady above $2,500 per ounce as investors eagerly await US economic data, particularly the payrolls report, which could significantly influence the Federal Reserve’s decision on interest rate cuts this month. Recent weak job market data has increased expectations for rate cuts, typically beneficial for gold as a non-interest-bearing asset. The precious metal has seen a substantial 20% rise this year, driven by rate cut optimism, strong over-the-counter purchases, and geopolitical tensions, with prices reaching a record high in August. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold's Glittering Milestone: Surges Past $2,300 Amid Rate Cut Hopes READ MORE Incrementum: Monthly Gold Compass February 2024 READ MORE China's $170 Billion Gold Accumulation Stirs Taiwan Conflict Fears READ MORE When I Buy From GoldSilver, How Can I Pay for My Gold or Silver? READ MORE BRICS Expansion and De-Dollarization Efforts Challenge US and EU Economic Dominance READ MORE Add a Comment Cancel replyYour email address will not be published.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