Commodities Gold rebounds to two-week peak as US data boosts Fed rate cut hopes Updated : May 31, 2019 09:34 AM IST The metal reversed course from earlier in the session, when it fell to its lowest level since May 23 at $1,274.44. Fed policymakers are likely to shrug off the last quarter's growth spurt and focus on the weak domestic demand and inflation when they meet next month. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.