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 Silver: "A Quadruple From Here Is LOGICAL" READ MORE Citi Analysts See Gold's Highs Continuing READ MORE American Dream Fades: Poll Reveals Growing Pessimism About Financial Goals READ MORE Fed's Rate Cut Hesitation: Inflation Concerns and Economic Uncertainties Dominate READ MORE Fed's Mester Awaits Further Inflation Drops Before Lowering Rates READ MORE Add a Comment Cancel replyYour email address will not be published.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