Record-Breaking Gold Rally Pauses as Market Eyes Fed Signals

Gold prices have paused after reaching record highs, as investors await signals from the Federal Reserve regarding potential interest rate cuts. The market is consolidating ahead of the release of Fed meeting minutes and a speech by Chair Jerome Powell. Despite a weakening dollar and lower Treasury yields, gold has retreated slightly from its all-time peak but remains above $2,500 per ounce. Analysts expect continued rate cuts and predict gold prices could rise further, potentially reaching $3,000. Factors supporting gold’s strong performance include geopolitical tensions, U.S. election uncertainty, Chinese investor demand, and expectations of a weaker U.S. dollar.