Gold retreats from near record-high levels as rate-cut bets ease

Gold retreats from near record-high levels as rate-cut bets ease

May 23, 2024 / Riah Marton /



GOLD prices were listless on Thursday (May 23) after a recent rally lost steam to dip more than 1 per cent in the previous session, as traders started pulling back their expectations of rate cuts by the US Federal Reserve 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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