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Gold Price Forecast: XAU/USD drifts higher above $4,200 as Fed delivers expected cut
Gold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026. Traders will keep an eye on the US weekly Initial Jobless Claims later on Thursday. The US Fed decided to lower its key lending rate by 25 basis points (bps), bringing it in a range of 3.50% to 3.75%. This marks its lowest level in three years. Fed Chair Jerome Powell said during the press conference that policymakers need time to see how ... (full story)
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From msn.com | Dec 10, 2025
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