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 ECB Hints at Future Rate Cuts, Distances Policy from U.S. Federal Reserve READ MORE Behind the Number: Unpacking the Fed's 2% Inflation Target READ MORE US Dollar Emerges as New Funding Currency for Carry Trades READ MORE Jobless Claims Drop, Indicating Steady Employment Despite Recent Surge READ MORE Gold Maintains Momentum as Markets Await Crucial US Jobs Report READ MORE Add a Comment Cancel replyYour email address will not be published.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