Lower interest rates could send gold's price up. Getty Images/iStockphoto Expectations that the Federal Reserve will cut its federal funds rate later this year are growing as inflation cools.

Spot gold was up 2.4% at $3,413.29 an ounce at 1356 ET (17:56 GMT), its highest since April 22, when it hit a record high of $3,500.05/oz. Sign up here. U.S. gold futures settled 3% higher at $3422.8.

Gold futures treaded water for most of the day, before dropping 1.1% following the quarter-point interest rate cut by the Federal Reserve. The cut was expected, but pressuring gold and wider ...

According to a YouGov poll, just 18% of Americans approve of the proposal to abolish the Federal Reserve. 38% support a return to the gold standard. Trump claims to “know nothing” about ...

Gold prices have hit a record — more than $3,500 per ounce — as investors seek haven assets. Trump's intensified criticisms of the Federal Reserve chair are fueling concerns about Fed ...

Gold slipped as traders pared expectations of Federal Reserve interest-rate cuts in the wake of stronger-than-expected US jobs data.. Bullion traded near $2,643 an ounce, still close to a record ...