Gold Prices Hit 2-Week High
Gold prices climbed to a two-week high on Thursday after Federal Reserve Chair Jerome Powell opened the door to potential interest rate cuts as soon as September.
Spot gold was little changed at $2,448.38 per ounce after hitting its highest since July 18 earlier in the session. Prices were just under $35 away from their all-time high of $2,483.60 hit on July 17. US gold futures rose 0.8% to $2,492.50.
