Gold Nears Two-Month High Amid Anticipation of US Rate Cut Gold prices remained close to a two-month high, influenced by last week’s weak U.S. economic data, which has increased expectations for the Federal Reserve to lower interest rates in June. As of midday GMT, spot gold was stable at $2,082.89 per ounce, while U.S. gold futures saw a slight decline of 0.2% to $2,091.50. The anticipation of an interest rate cut has buoyed gold prices, with spot gold nearly reaching the $2,088.19 mark seen last Friday, the highest since late December. Earlier in December, gold had reached an all-time high of $2,135.40, underscoring its role as a safe-haven asset amid economic uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Growing Shadow of Credit Card Debt: A Crisis Looming Over American Consumers READ MORE UAE Aims for Gold Standard in Online Trading Transparency READ MORE Nine people facing charges over ‘largest gold heist in Canadian history’ READ MORE Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady READ MORE Add a Comment Cancel replyYour email address will not be published.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