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 Fed Chair's Dovish Turn Sparks Debate on September Rate Cut Size READ MORE Your Ultimate Guide to the Gold Market READ MORE Traders Bet Big on Oil Futures Despite A Stagnant Market READ MORE Uganda Joins African Gold Rush to Stabilize Currency and Boost Reserves READ MORE Bullion Takes a Breather: But Gold Stays Above $2,500 READ MORE Add a Comment Cancel replyYour email address will not be published.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