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Gold falls over 1% after Fed keeps rates steady, strong US data
Gold fell more than 1% on Wednesday as the Federal reserve held interest rates steady and gave little indication of when cuts might occur, while strong U.S. economic data further dimmed the appeal of the zero-yield asset. Spot gold was down 1.5% at $3,275.92 per ounce, as of 03:08 p.m. ET (19:08 GMT). U.S. gold futures settled 0.8% lower at $3,352.8. The Federal Reserve held interest rates steady in a split decision that gave little indication of when borrowing costs might be lowered and drew dissent from two of the U.S. central bank's governors. Fed Chair Jerome Powell said the central bank had made no decision ... (full story)
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- Jul 30, 2025 7:14pm Posted byFundamental Analysis282
