Gold Prices Dip as U.S. Rate Cut Hopes Diminish Amid Inflation Concerns Gold prices declined on Thursday as investors reevaluated the likelihood of U.S. interest rate cuts after the Federal Reserve indicated that inflation progress has stalled, suggesting higher interest rates may persist longer. Despite a brief surge in gold prices following a dip in the dollar and Treasury yields, the gains were short-lived. The Fed’s recent decision to maintain steady interest rates, coupled with cautious remarks about potential rate cuts, reflects ongoing concerns about inflation. Analyst Ross Norman noted that while delayed rate cuts are generally seen as negative for gold, the market’s fluctuations offer temporary relief. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Prices Dip Despite Growing Rate Cut Expectations READ MORE What is a Goldback? How and Where to Buy Goldbacks in The United States READ MORE Morgan Stanley Predicts Continued Dominance of U.S. Dollar as Global Reserve Currency READ MORE Gundlach Skeptical of 'Goldilocks' Economy, Foresees Recession READ MORE Decline in Gold Prices Leads to Weakening of Zimbabwe's ZiG Currency READ MORE Add a Comment Cancel replyYour email address will not be published.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