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Gold eases as dollar firms after Fed meeting, Powell comments
Gold prices extended losses on Thursday as the dollar firmed after the US Federal Reserve cut interest rates by a quarter of a percentage point, as expected, and adopted a measured rhetoric on further policy easing. Spot gold dipped 0.2% to $3,654.29 per ounce, as of 0156 GMT, after hitting a record high of $3,707.40 on Wednesday. US gold futures for December delivery slipped 0.8% to $3,690.“The general message from the Fed was slightly to the hawkish side on interest rates, they didn’t really enthusiastically endorse lower rates,” said Marex analyst Edward Meir. “As a result, we saw the dollar firm up after ... (full story)
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- Sep 18, 2025 1:07am Posted byFundamental Analysis283
