Gelonghui May 21| Gold prices fell after hitting a record high in the previous trading dayposeidonmegawaysInvestors have evaluated recent hawkish remarks by Fed officials that downplayed the possibility of an imminent interest rate cut. In early trading, gold prices traded at 2.poseidonmegaways, around $410, suggesting that gold prices have consolidated after soaring to a record $2,450.07 on Monday. Earlier Fed Meister said the policy was restrictive, but central bank officials needed to wait for more evidence of inflation movements before adjusting interest rates. But while the timing of interest rate cuts is unclear, the basic consensus among policymakers that borrowing costs will be reduced sometime this year continues to support prices.
