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 History Warns: Recession Looms as Fed Maintains High Interest Rates READ MORE Slow and Steady: US Economy Navigates Controlled Deceleration READ MORE Young Borrowers Struggle as Credit Card Debt Hits 14-Year High READ MORE Gold Prices Hit Fresh Record Highs READ MORE Economic Reality Check: Six Figures Not Enough for Middle-Class Comfort? READ MORE Add a Comment Cancel replyYour email address will not be published.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