Soft U.S. Data Pushes Gold to Two-Week High Gold prices reached a two-week high on Thursday due to weak U.S. economic data boosting expectations of Fed rate cuts later this year, along with global election uncertainties. Spot gold rose 0.3% to $2,333.69 per ounce, while U.S. gold futures remained steady at $2,347.30. Market expectations of the Fed’s policy shift and persistent geopolitical tensions continue to support gold. Analysts maintain a positive outlook, targeting $2,500 per ounce by the end of 2024. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Rate Cut Hesitation: Inflation Concerns and Economic Uncertainties Dominate READ MORE Powell Warns ‘The US Is on an Unsustainable Fiscal Path’ READ MORE Copper Short Squeeze Rocks Global Markets as US Prices Soar READ MORE Zimbabwe Faces Deflation with New ZiG Currency READ MORE The Dark Side of Economic Anxiety: Gen Z's Growing Tolerance for Digital Deception READ MORE Add a Comment Cancel replyYour email address will not be published.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