Gold prices stabilize as Fed signals pause in rate hikes.

Interest rates have been on a wild ride over the last couple of years as the Federal Reserve has worked to battle stubbornly high inflation.

Gold prices have been on a rollercoaster ride in recent weeks, reflecting the economic uncertainties and inflationary pressures that have been gripping the nation.

Gold prices steadied on Wednesday as risk premiums over tensions in the Middle East eased, while investors strapped in for U.S. economic data due later in the week that could offer clues to the Federal Reserve's interest rate path.

Gold drops more than 2% to one-week low as Middle East worries ebb.

Gold futures declined today after Chairman Powell spoke about a change regarding interest rate cuts this year saying that the fight to tame inflation has appeared to have stalled.

Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi.

Gold’s volatile push above $2,400 last week could represent the precious metal’s high water mark for the year as markets adjust to expectations that the Federal Reserve will maintain its aggressive monetary policy longer than expected, according to one research firm.

Gold prices climbed on Friday to hit a historic peak as central bank purchases amid geopolitical tensions sustained the momentum for the yellow metal, while strong U.S. economic data failed to dampen bullion's allure.

An upgraded gold price forecast for 2024 from Nicky Shiels, head of metals strategy at Swiss gold refinery MKS PAMP, drew an unexpected follow-up question this week from market participants. The enquiry was: "Will or can gold 'go cocoa'?"