Gold Prices Stable Amid High Rates and Dollar Resurgence Gold prices remained stable in Asian trade on Friday, as a stronger dollar, driven by the prospect of fewer U.S. interest rate cuts, countered optimism from easing inflation. Spot gold and gold futures each saw a slight rise of 0.1%, but the yellow metal is still recovering from recent declines due to high interest rates. The Federal Reserve’s projection of only one rate cut in 2024, versus the previously anticipated three, has pressured gold and other metal prices, which were trading within narrow ranges. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver Breakout Confirmed READ MORE UBS Forecasts Commodity Rally Driven by Strong Fundamentals READ MORE NYCB in Crisis: CEO Steps Down as Losses Mount to $2.7 Billion READ MORE U.S. GDP Growth Slows to 1.3% in Q1 Amid Weaker Consumer Spending READ MORE Affluent Americans Turn to High-End Bunkers as Political Fears Escalate READ MORE Add a Comment Cancel replyYour email address will not be published.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