Gold prices took a breather above $2,040 on Thursday, halting a four-day decline as investors digested mixed signals about the Federal Reserve’s future moves.
The recent dip was fueled by a stronger dollar and rising Treasury yields, reflecting doubts about the pace and extent of potential interest rate cuts by the Fed this year.
![](https://i0.wp.com/d3dpet1g0ty5ed.cloudfront.net/EN_livesupport_320x50.png?resize=320%2C50&ssl=1)
Meeting minutes released recently hinted at lower rates in 2024, but officials acknowledged significant uncertainty in the policy path. Markets, however, remain divided, with the current probability of a first rate cut in March down to 70% from 90% just a week ago.
![](https://i0.wp.com/d3dpet1g0ty5ed.cloudfront.net/EN_livesupport_320x50.png?resize=320%2C50&ssl=1)
Meanwhile, both the European Central Bank and the Bank of England reiterated their stance on keeping rates high for the foreseeable future.