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 Fed's Michelle Bowman Emphasizes Caution in Monetary Policy to Counter Inflation READ MORE A-Mark Takes Control of Leading Canadian Online Precious Metals Retailer READ MORE Stocks, Gold Rise on Bet on Aggressive Fed Rate Cut READ MORE Study Finds Trump's Debt Contribution Twice That of Biden READ MORE De-Dollarization: Cross-Border Payment Platform to Include Currencies from Pakistan, India, and Chin READ MORE Add a Comment Cancel replyYour email address will not be published.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