Gold hovers near record high on growing rate-cut bets

Gold hovers near record high on growing rate-cut bets

May 21, 2024 / Riah Marton /



GOLD prices inched up on Tuesday (May 21), hovering near a record peak hit in the previous session as recent economic data boosted bets that the US Federal Reserve would start cutting interest rates later this year.

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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