Gold Recovers After Fed Decision Golds Interest Rates Steady Gold prices saw a modest recovery on Wednesday, climbing 0.9% to $2,306.80 per ounce, after the Federal Reserve opted to maintain its benchmark interest rate, which led to a slight retreat in both the dollar and U.S. Treasury yields. The unchanged rate and a weaker dollar made gold more attractive to investors using other currencies, contributing to the day’s gains. This rebound follows a recent dip in gold prices, influenced by diminished Middle East tensions and reduced expectations for early U.S. rate cuts, despite gold reaching a record high earlier in April due to robust demand from central banks and Chinese investors. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Soars to New Heights as Fed Rate Cut Hopes Intensify READ MORE Jeffrey Christian: No Significant Shift Away from the US Dollar READ MORE Declining Confidence in Credit Card Repayment Among Americans READ MORE Record Increase in U.S. Labor Costs Points to Continued Inflationary Pressure READ MORE Gold's Unpredictable Dance with Interest Rates: Morgan Stanley Reveals a Weakening Bond READ MORE Add a Comment Cancel replyYour email address will not be published.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