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 Barron's: A New Buy Signal For Gold READ MORE World Gold Council Launches 'You are Gold' Campaign in India READ MORE GoldSilver Infographic: History of Money and Currency in the USA READ MORE ING Gold Monthly: The Bull Run Isn't Over Yet READ MORE Inflation No Match for Casino Wins: U.S. Gaming Industry Sees Historic Highs in 2023 READ MORE Add a Comment Cancel replyYour email address will not be published.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