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 Record Increase in U.S. Labor Costs Points to Continued Inflationary Pressure READ MORE SocGen Identifies 3 Key Indicators of Approaching U.S. Recession READ MORE Traders on Edge as Central Banks Prepare for Key Policy Decisions READ MORE Why I Took Physical Delivery of My Tesla Stock Certificates READ MORE High Oil Prices Halt Biden's Plan to Replenish Strategic Reserve READ MORE Add a Comment Cancel replyYour email address will not be published.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