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 Gold's Rise: LBMA London Gold Price Sets New Record as Year Ends READ MORE Gold's Ascent Towards $3,000 READ MORE Gold's Rally Pauses As Market Consolidates READ MORE Global PMI Data Shows Persistent Price Inflation in May READ MORE Powell Signals Potential Rate Cuts Pending Inflation Control READ MORE Add a Comment Cancel replyYour email address will not be published.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