Overview Comex Gold prices reached a near nine-week high on Thursday, driven by a weaker dollar and expectations that the U.S. Federal Reserve may pause its interest rate hikes. As investors assess the Fed’s rate hike decisions and the employment data, gold remains an attractive investment option due to its safe-haven appeal and potential for hedging against inflationary pressures. In conclusion, gold prices have surged to a near nine-week high, benefiting from a weaker dollar and market expectations of a potential pause in the Fed’s interest rate hiking cycle.