Home News Gold Advances as Rate Cut Bets Firm Ahead of U.S. Inflation Test

Gold Advances as Rate Cut Bets Firm Ahead of U.S. Inflation Test

March 28, 2024

March 26 (Reuters) – Gold prices climbed on Tuesday, as expectations of interest rate cuts by the U.S. Federal Reserve firmed, while investors waited for data due later in the week for underlying inflation trends that will help gauge the timing of these cuts.

Spot gold rose 0.2%, to $2,176.59 per ounce, by 02:01 p.m. EDT (1801 GMT), having jumped as much as 1.3% earlier in the session.

U.S. gold futures settled 0.04% higher at $2177.2.

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