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 Are Gold ETFs Backed By Physical Gold? READ MORE This Recession Indicator With a 45 Year Track Record Just Rolled Over… READ MORE China's Economic Woes Lead to Record Gold Buying Spree READ MORE New York Times: 10 Charts that Defined 2023 READ MORE Federal Reserve Balances Rate Decisions Now That Inflation Has Slowed READ MORE Add a Comment Cancel replyYour email address will not be published.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