The gold market is trading near session highs, solidly above $2,300 an ounce, as Federal Reserve Jerome Powell continues making the case for rate cuts this year. Speaking at Stanford’s Business, Government, and Society Forum, Powell said that although the central bank is not looking to cut interest rates immediately, it still sees lower rates this year. He added that the central bank has time to gauge the strength of the economy and the path of inflation. “We do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2 percent,” ... (full story)