Precious Metal Prices Climb on Powell's Rate Cut Signal Gold prices rose 1% on Friday as Federal Reserve Chair Jerome Powell signaled a likely interest rate cut in September. Powell’s comments that “the time has come” to adjust monetary policy caused the dollar and Treasury yields to decline, making gold more attractive to investors. The precious metal’s value increased to $2,508.25 per ounce, with analysts expecting further gains ahead of the September Fed meeting and the release of the updated dot plot indicating potential future rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Office Market Faces Major Glut, Warns Brookfield Executive READ MORE Gold Expected to Shine Amid Uncertainty: World Gold Council at BMO Conference READ MORE Global Central Banks Favor Gold Over Dollar, Expecting Increased Reserves READ MORE Powell Warns of Extended High Interest Rates in Face of Persistent Inflation READ MORE Silver Falls 3% Amid Market Sell-Off READ MORE Add a Comment Cancel replyYour email address will not be published.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