Gold Price Hovers at Record Peaks: Eyes Set on Fed's Powell for Rate Cut Hints Gold prices edged higher on Wednesday, lingering near the record highs set in the previous session, with investors eagerly awaiting Federal Reserve Chair Jerome Powell’s upcoming testimony for indications of a possible interest rate cut in June. Spot gold rose by 0.3% to $2,132.80 per ounce by midday, just shy of its historic peak of $2,141.59 reached the day before. Similarly, U.S. gold futures remained stable at $2,141.60. The precious metal’s climb to new heights isn’t just in dollars; it has also reached record levels in other major currencies, reflecting its global appeal as a safe haven amid economic uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oil prices rise amid reports Iranian consulate hit by missile strike in Damascus READ MORE The Deadline To Turn in Your Gold – May 1st, 1933 READ MORE GOLD – We need to talk about China… READ MORE Argentina's Inflation Eases in Milei's Debut Month Amid Economic Overhaul READ MORE Add a Comment Cancel replyYour email address will not be published.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