Gold Consolidates After Record High Amid Rate Cut Speculations Gold prices dipped by 0.3% to $2,413.96 per ounce on Wednesday as investors awaited the Federal Reserve’s latest meeting minutes for clues on interest rate cuts. After reaching a record high earlier in the week, gold is consolidating its gains. The market remains strong with a buy-on-dip mentality, despite the potential for short-term stagnation without further support from the dollar. Recent economic data suggests a downtrend in inflation, but Fed policymakers are cautious about cutting rates until inflation targets are securely met. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Survey Shows U.S. Tech Stocks Perceived as New Inflation Hedge READ MORE Gold Reaches New All-Time High READ MORE Gold and Bitcoin Surge: Signals Time for a New Gold Standard? READ MORE The Great American Housing Squeeze: Construction Costs Out of Reach for Most READ MORE Silver Falls 3% Amid Market Sell-Off READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment