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 Investors Flock to Gold as Middle East Tensions Escalate, Dollar Tumbles READ MORE Revolutionize Your Portfolio with Gold, Silver, and Bitcoin READ MORE U.S., Japan, and South Korea Unite to Stabilize Dollar READ MORE Goldman Sachs CEO Sees Bright 2024 as Markets Rally READ MORE African Nations Intensify Efforts Against Speculative Currency Trading READ MORE Add a Comment Cancel replyYour email address will not be published.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