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 Copper to $12,000, Gold to $2,700, Says Goldman Sachs READ MORE Morgan Stanley Warns De-Dollarization Could Spell Trouble for US Stocks READ MORE Stoeferle Reaffirms $4,821 Gold Price Target by 2030 READ MORE Citadel Strikes Gold in Commodities: Over $4 Billion Earned in 2023 READ MORE Persistent Inflation Challenges Eurozone, Core Prices Higher Than Anticipated READ MORE Add a Comment Cancel replyYour email address will not be published.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