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 Gold Inches Higher, Supported by Soft Dollar and Rising Middle East Tensions READ MORE Commerzbank Predicts Silver to Reach $30 by End of 2024 Amid Rising Industrial Demand READ MORE What Is the Gold Spot Price and How Is It Set? READ MORE Russia Leads BRICS in Doubling Down on Gold to Dethrone the Dollar READ MORE BRICS Expansion and De-Dollarization Efforts Challenge US and EU Economic Dominance READ MORE Add a Comment Cancel replyYour email address will not be published.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