Gold Prices Rise on Fed Rate Cut Speculation Ahead of Key Meeting Gold prices rose by about 1% on Tuesday, driven by investor optimism that the U.S. Federal Reserve may hint at future interest rate cuts during its policy meeting this week. Spot gold increased to $2,403.47 per ounce, while U.S. gold futures settled at $2,451.9. Analysts suggest that potential rate cuts in the U.S. and Europe, along with economic uncertainties, are supporting gold prices. Lower interest rates reduce the opportunity cost of holding non-yielding bullion, making it more attractive to investors. The market is also closely watching upcoming U.S. employment data for further cues. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Retaliation Promised: Biden's Response to Drone Attack in Jordan READ MORE Morgan Stanley Economist Foresees Inevitable Recession Due to Fed's Rate Hikes READ MORE Flat Treasury Yields Reflect Investor Caution Amid Varied Economic Reports READ MORE Gold's Ascent Towards $3,000 READ MORE Gold's Rally Leaves Some Market Experts Baffled READ MORE Add a Comment Cancel replyYour email address will not be published.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