Gold prices steady after Fed policymakers back rate cuts
- Posted on September 24, 2024
- By Business News Today
- 3 Views
Gold prices steady after Fed policymakers back rate cuts
Gold prices remained steady after reaching an all-time high, following comments from U.S. Federal Reserve officials supporting future interest rate cuts. Spot gold held near $2,625.52 per ounce, while U.S. gold futures slightly declined. The Fed's easing policy and geopolitical tensions in the Middle East also influenced market sentiments.