Gold Wavers as U.S. Economic Slowdown Spurs Rate Cut Speculation Gold prices briefly recovered after falling to below $2,300, the biggest daily drop in nearly two years, influenced by weaker-than-expected U.S. business activity in April. This slowdown, marked by the first employment decline since 2020 and a contraction in the manufacturing and services sectors, has led to speculation about potential Federal Reserve rate cuts. Such cuts could benefit non-interest bearing assets like gold. However, despite a momentary lift from lower bond yields and a weaker dollar following the economic report, gold prices relinquished their gains amid diminishing geopolitical tensions in the Middle East. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts ADP Reports Slight Miss in Private Sector Job Growth for February READ MORE The Risks of Gold and Silver ETF's vs. Physical Metals READ MORE Deutsche Bank Joins Goldman Sachs in Bullish Gold Forecast READ MORE Recession Red Flags: Economist Shares 6 Warning Signs READ MORE Gold's Appeal Grows: Survey Shows Investors Increase Gold Allocations READ MORE Add a Comment Cancel replyYour email address will not be published.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