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Gold Steady as Markets Brace for Fed Decision
Gold prices held firm around $4,192 per ounce on Tuesday, remaining within striking distance of recent highs as markets priced in an 87% chance of a rate cut by the US Federal Reserve later this week. tweet Traders are now shifting focus from the cut itself to the forward guidance and updated dot plot, which will likely shape expectations well into 2026. While a 25bps reduction has been widely telegraphed, there’s growing caution around how many additional cuts the Fed is willing to commit to. Just last week, the market was pricing in three cuts for next year. That number has since eased to two, as resilience in ... (full story)