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After buying the Fed rate cut rumor, gold traders sell the news
As widely expected, the Federal Reserve announced a 25-basis point rate cut Wednesday, marking the central bank's first Fed Fund interest rate reduction since December 2024. Fed Chairman Jerome Powell called the decision a “risk-management cut,” signaling that the central bank was moving to prop up the faltering labor market but was still trying to tame inflation. Following the announcement, the U.S. Dollar traded with a firmer tone across the board, while both gold and silver "sold the news" of an expected outcome of the Federal Open Market Committee (FOMC) meeting. During the press conference following ... (full story)
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From brecorder.com | Sep 19, 2025
Gold prices were flat on Friday as the Federal Reserve’s 25-basis-point rate cut and the outlook on further easing in the months ahead failed to meet the investors’ dovish expectations, while markets awaited more cues into U.S. policy path. Spot gold was little changed at $3,646.23 per ounce as of 0311 GMT. Bullion had hit a record high of $3,707.40 on ...
From finance.yahoo.com | Sep 19, 2025
Gold edged higher, with investors waiting for the next clue on the Federal Reserve’s path for cutting interest rates. Bullion is trading about $37 an ounce short of Wednesday’s all-time high — a record triggered by the US central bank’s 25 basis-point rate cut. Prices then retreated after Fed Chair Jerome Powell’s comments on the monetary policy path were ...
Federal Reserve Governor Stephen Miran told CNBC on Friday that he spoke only briefly to President Trump before this week’s interest rate decision and was not pressured on how to vote. Miran, who voted against the quarter percentage point reduction in favor of a move twice that size, said he made his decision independently. “He called me Tuesday morning to ...
