e your trading success! Close alert Gold steadies above $2,600 fueled by Fed rate cut odds NEWS | 09/23/2024 21:57:31 GMT | By Christian Borjon Valencia Gold hits a new record high, driven by expectations of a Fed rate cut in November and falling US Treasury yields. Mixed US economic data reveals manufacturing weakness but services sector resilience, according to S&P Global Flash PMIs. Fed officials express caution about aggressive rate cuts, maintaining flexibility in policy while noting growing labor market risks. Rising tensions between Israel and Hezbollah heighten safe-haven appeal, potentially driving further demand for Gold.