Gold prices slipped in Asian trade on Thursday, retreating from fresh record peaks after the Federal Reserve cut interest rates but signaled a measured approach to future easing, helping the U.S. dollar rebound.<\/p>\n\n\n\n
Spot gold fell 0.7% to $3,635.55 an ounce by 02:24 ET (06:24 GMT), extending losses from the prior session where it hit an all-time high of $3,707.40. U.S. Gold Futures for December delivery also declined 1.3% to $3,670.45.<\/p>\n\n\n\n
The drop came as the U.S. Dollar Index gained 0.4%, rebounding from a 3\u00bd-year low. A stronger dollar makes bullion more expensive for buyers using other currencies, curbing demand.<\/p>\n\n\n\n
The Federal Reserve lowered its benchmark rate by 25 basis points to a 4.00%\u20134.25% range, its first move since December. Policymakers projected two additional cuts this year, but only one in 2026\u2014highlighting a restrained outlook.<\/p>\n\n\n\n
Chair Jerome Powell called the reduction a \u201crisk-management cut,\u201d citing labor market weakness. He emphasized that future decisions will be taken meeting by meeting, tempering expectations of an aggressive easing cycle.<\/p>\n\n\n\n
Analysts at ING noted: \u201cThey think three more cuts will be enough to boost growth and revive jobs, but the market remains skeptical.\u201d<\/p>\n\n\n\n
Despite the recent pullback, bullion has surged almost 39% in 2025, supported by rate-cut expectations, geopolitical risks, and sustained central bank buying. However, the Fed\u2019s cautious stance prompted some investors to lock in profits after gold\u2019s meteoric rise.<\/p>\n\n\n\n
Other metals also struggled as the greenback strengthened. Silver Futures dropped 1.1% to $41.72 per ounce, Platinum Futures were little changed at $1,370.80, while Benchmark Copper on the LME slipped 0.5% to $9,945.80 a ton. U.S. Copper Futures also fell 0.5% to $4.60 per pound.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices slipped in Asian trade on Thursday, retreating from fresh record peaks after the Federal Reserve cut interest rates but signaled a measured approach to future easing, helping the U.S. dollar rebound. Spot and Futures Weaken After Fed Decision Spot gold fell 0.7% to $3,635.55 an ounce by 02:24 ET (06:24 GMT), extending losses …<\/p>\n","protected":false},"author":9,"featured_media":116449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[6874],"class_list":["post-118980","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118980"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118980\/revisions"}],"predecessor-version":[{"id":118981,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118980\/revisions\/118981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/116449"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}