Publisher: Maaal International Media Company
License: 465734
Tuesday, 6 May 2025
Gold rises as bets on U.S. rate cut grow
Gold prices rose on Tuesday after comments from Federal Reserve officials reinforced expectations of a deeper rate cut later in the year.
Spot gold was up 0.1 percent at $2,408.77 an ounce by 03:54 GMT.
The yellow metal fell to its lowest since July 26 in the previous session, amid a global selloff driven by fears of a U.S. recession, according to Reuters.
U.S. gold futures rose 0.2 percent to $2,449.50.
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