Gold futures experienced a notable decline in trading today, settling $32.90 lower at $3,694.60, representing a 0.88% decrease from the previous session. The precious metal's retreat came in the wake of the Federal Reserve's decision to implement a 25 basis point interest rate cut, a move that had been widely telegraphed by market participants and monetary policy observers. The central bank's decision to reduce rates by a quarter percentage point aligned closely with prevailing market expectations, with much of the anticipated policy shift already reflected in gold pricing ahead of the announcement. However, the ... (full story)