Gold Hovers Near Peak as Markets Anticipate Fed's Next Move Gold prices are consolidating near record highs as investors await clarity on potential U.S. interest rate cuts ahead of a key inflation report. Analysts expect gold to remain strong, with predictions of reaching $2,700 per ounce by year-end if the Federal Reserve implements significant rate cuts. The market is pricing in a high probability of a rate cut in September, with the size of the cut influencing gold’s future performance. Geopolitical tensions in the Middle East continue to support gold prices, which have risen about 22% this year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Breaks New All-Time Highs – Is Silver Next? READ MORE U.S. Treasuries Yield $2 Million Per Minute as Rates Soar READ MORE Jamie Dimon Believes U.S. Debt Is the ‘Most Predictable Crisis’ in History READ MORE Copper Prices Surge as Short Squeeze Sparks US Metal Rush READ MORE Fed's Bostic Warns: No Quick Path to Interest Rate Cuts READ MORE Add a Comment Cancel replyYour email address will not be published.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