Gold Prices Decline as Investors Cash In Amid Fed Rate Cut Uncertainty Gold prices dropped by 0.3% to $2,344.20 per ounce on Tuesday as investors took profits after a recent rally, influenced by a reduced likelihood of Federal Reserve rate cuts. Despite the decline, gold remained on track for a fourth consecutive month of growth. The market is now awaiting key U.S. inflation data. The drop follows Fed meeting minutes suggesting the current interest rate will be maintained, with discussions of potential future hikes. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold's Record-Breaking Rally: Beyond Economic Indicators READ MORE Consumer Price Growth Slows, Potential Relief for Fed Rate Decisions READ MORE Zimbabwe's ZiG: ZiG Used to Pay for 40% of Transactions READ MORE Anticipation Builds for Potential Fed Rate Cuts in 2024 READ MORE Experts' Inflation Consensus Shifts, Altering Election Dynamics READ MORE Add a Comment Cancel replyYour email address will not be published.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