Gold near two-month peak on rising hopes for Fed rate cut in June
WORLD CAPITALS, 4th March, 2024 (WAM) -- Gold prices lingered close to a two-month high on Monday, after softer US economic readings last week cemented prospects of an interest rate cut in June by the Federal Reserve.
According to Reuters, spot gold edged 0.1% lower to $2,081.34 per ounce, as of 0630 GMT, but hovered near $2088.19, a level seen on Friday when the contract hit its highest since 28th December. Addi