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 WGC: Gold Demand to Hit Record With Central-Bank Buying READ MORE Japan Signals Possible Intervention as Yen Hits 38-Year Low READ MORE Global Concerns Rise Over U.S. Economy's Impact on World Currencies READ MORE MAS Singapore Gold Vault READ MORE Federal Reserve Shifts Focus Away from Recession Concerns READ MORE Add a Comment Cancel replyYour email address will not be published.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