Gold (XAU) prices are consolidating around the $4,000 level after the Federal Reserve’s rate cut last week. Despite a sharp drop from the record high of $4,380, gold still posted a solid monthly gain of 3.74% in October. Hawkish remarks from Federal Reserve officials, including Cleveland Fed President Beth Hammack, have dampened expectations for another rate cut in December. Her comments reinforced market doubts and signalled the Fed’s commitment to maintaining restrictive policy amid persistent inflation. Meanwhile, the strength of the U.S. dollar also weighed on gold prices, limiting further upside. However, the ... (full story)