Gold prices edge higher on prospect of steeper US rate cuts
- Posted on September 16, 2024
- By Business News Today
- 4 Views
Gold prices edge higher on prospect of steeper US rate cuts
Gold prices rose slightly on Monday, supported by a weaker dollar and the possibility of a more aggressive rate cut by the U.S. Federal Reserve at its upcoming policy meeting. Spot gold increased by 0.2% to $2,580.81 per ounce, while U.S. gold futures edged lower by 0.1% to $2,608.60.
