Gold Prices Soar to Unprecedented Heights Amid Anticipation of Fed Rate Cuts Gold prices reached a new zenith on Monday, continuing their upward trajectory fueled by expectations of a U.S. Federal Reserve rate cut and the enduring allure of gold as a haven during uncertain times. The spot price of gold climbed 0.6%, reaching $2,245.79 per ounce, while U.S. gold futures surged over 1% to $2,266.39 per ounce. Joseph Cavatoni, a market strategist at the World Gold Council, described this as a thrilling time for gold, attributing the rally to growing investor confidence in the anticipated Federal Reserve cuts. Market observers are keenly anticipating rate reductions by the U.S. Federal Reserve, possibly in May or June, further stoking the bullish sentiment in the gold market. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Will the Fed Cut Rates? READ MORE Israel and U.S. Brace for Potential Retaliation from Iran and Hezbollah READ MORE Lingering Effects from Past Economic Shocks Continue to Drive Inflation in 2024 READ MORE SILVER ALERT: Could This Mexican Law Change Cause a Supply Crunch? READ MORE Middle East Tensions Stir Global Economic Concerns as Oil Prices Climb READ MORE Add a Comment Cancel replyYour email address will not be published.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