Gold Price Prediction: Fed Slashes Rate Cut Outlook and Sends Gold Crashing 10% From $5,000 — Where Is the Floor?

Gold is in freefall and the chart looks ugly fueling bearish price prediction.After consolidating near all-time highs above $5,000 for most of early 2026, the metal cracked hard. Two consecutive sessions wiped roughly 6%. The $5,000 psychological barrier broke on Wednesday. Thursday extended the drop to $4,500.The trigger was the Fed dot plot. A hold was priced in. What nobody expected was the projection for 2026 rat…