Gold Rallies as Fed's Powell Hints at Inflation Progress Gold prices rose on Wednesday as the U.S. dollar weakened following dovish comments from Federal Reserve Chair Jerome Powell. Investors are now focusing on the upcoming minutes from the Fed’s latest policy meeting for insights into potential interest rate cuts. The softening dollar, combined with Powell’s acknowledgment of improving inflation trends, has made gold more attractive to investors. Market expectations now favor rate cuts in September and December, which could further boost gold’s appeal as a non-yielding asset. However, upcoming economic data, including job reports, will play a crucial role in shaping the precious metal’s trajectory. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Inflation Fears Spark Rally in Gold and Oil, Casting Doubt on Fed's Strategy READ MORE Dollar Strengthens Ahead of Crucial Economic Indicators, Bank of Canada Meeting READ MORE The Looming Crisis in America's Office Real Estate Market READ MORE Investors Flock to Gold as Middle East Tensions Escalate, Dollar Tumbles READ MORE India's Gold Market: ETFs and Central Bank Buying Shine Amid Jewelry Slump READ MORE Add a Comment Cancel replyYour email address will not be published.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