on Wednesday, as investors locked in some profits ahead of the Federal Reserve's interest rate decision and Chairman Powell's press conference, gold prices fell slightly; silver, after reaching a historic high during the session, fluctuated narrowly below the record high. David Meger, head of metals trading at High Ridge Futures, said: "We may be entering a path of 'pause after rate cuts.' But we still believe that gold prices are generally in a sideways to slightly strong upward trend, and this is just a slight pause." This meeting is the most significant divergence in years: policymakers need to weigh the necessity of rate cuts to support the labor market on one hand, while on the other hand worrying that such moves might push inflation up again.
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