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Precious Metals Rally Following Fed Rate Decision
Gold futures reversed earlier losses following the Federal Reserve's 25-basis-point rate cut announced at 2:00 PM ET. The yellow metal surged $35 in the hour after the decision, reaching an intraday high of $4,268. Although prices retreated from that peak, gold continued trading firmly above $4,250, last seen at $4,257—up $20.40 or 0.49% on the day. Silver demonstrated similar strength after establishing a new record earlier in the session. Following brief pre-announcement pressure, the white metal gained $1.35 in the post-decision rally, pushing above $62 to set another record high. Silver futures last traded at ... (full story)
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