|
Gold fell sharply following an anticipated 0.25% Fed rate cut, as the central bank signaled fewer rate cuts in 2025 and raised inflation forecasts. Despite retaining an overall technical uptrend, gold nears critical support at $2,600. Market focus shifts to Fed Chair Powell’s comments amid a strengthening dollar and higher Treasury yields, which have pressured precious metals. submitted by /u/indexcap to r/OutsideMoney |