Gold Drops After Fed Signifies Slower Price Cuts in 2025
Gold costs fell on Wednesday after the Federal Reserve indicated that it will sluggish the tempo of rate of interest cuts in 2025. The Fed’s determination was broadly anticipated by market contributors, however the dimension and timing of the cuts had been nonetheless unsure. The Fed’s determination to sluggish the tempo of fee cuts is more likely to have a unfavorable impression on gold costs within the brief time period. Nevertheless, gold continues to be thought-about a safe-haven asset, and it’s more likely to stay a preferred funding in periods of financial uncertainty.
