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Gold Retreats as Powell Tempers Rate Cut Expectations Despite Fed Easing

From thegoldforecast.com

The Federal Reserve delivered the anticipated 25 basis point rate reduction at its latest policy meeting, yet Federal Reserve Chairman Jerome Powell's subsequent commentary introduced an element of caution that reverberated through commodity markets. While the rate cut itself aligned with market expectations, Powell's measured approach to future monetary policy—particularly his indication that a December rate cut is far from certain—prompted a modest selloff in equities, though major indices maintained proximity to record levels. The session produced a notable market anomaly: a robust rally in the U.S. Dollar Index ... (full story)

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  • Category: Fundamental Analysis