Gold's Glittering Milestone: Surges Past $2,300 Amid Rate Cut Hopes Gold prices soared to a new peak, surpassing $2,300 per ounce, fueled by anticipation of a U.S. interest rate cut. This optimism was kindled by Federal Reserve Chair Jerome Powell’s remarks, indicating that recent positive economic data hasn’t altered the Fed’s monetary policy outlook. Although spot gold slightly dipped to $2,287.88 after reaching a record $2,304.09, the surge underscores investors’ growing confidence in gold as a safe haven amid monetary easing expectations. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Diminished Fed Rate Cut Hopes to Keep U.S. Treasury Yields Elevated READ MORE Gold ETFs Wane Despite Highs: A Glimmer of Hope on the Horizon? READ MORE First ever filming of Singapore’s Gold Reserves in Super-Secret Gold Vault READ MORE How & Where to Buy Gold Coins [2024 Buying Guide] READ MORE Mined Commodities May Push Higher on Structural Trends: Expert READ MORE Add a Comment Cancel replyYour email address will not be published.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