Gold Dips as Fed Signals Only One Rate Cut for 2024 Gold prices declined slightly after the Federal Reserve indicated only one interest rate cut for 2024, disappointing investors who hoped for two cuts. Despite a cooler-than-expected inflation report limiting the drop, spot gold fell 0.2% to $2,317.38 per ounce, and U.S. gold futures declined 0.9% to $2,333.10. Analysts suggest that gold’s fundamental support remains strong, but surpassing $3,000 per ounce is unlikely. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Latest Inflation Data Shows Fed Has More Work to Do READ MORE Gold Hits New Highs with Strong COMEX Positioning and ETF Inflows READ MORE New Russia-Iran Pact Marks Major Step in Global De-Dollarization Efforts READ MORE Economic Reality Check: Six Figures Not Enough for Middle-Class Comfort? READ MORE Gold Price Steadies Near $2,300 Ahead of Key FOMC Decision READ MORE Add a Comment Cancel replyYour email address will not be published.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