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    Gold slides below $2,600 as Fed signals two rate cuts in 2025

    Author AvatarBy George Brooks No Comments 13 Mins Read
    • Gold falls sharply, impacted by Fed’s less dovish outlook.
    • Fed Chair Powell stresses prudent policy amid ongoing upside inflation risks.
    • Fed sees 2% inflation target return in 1-2 years, suggesting slow progress.
    • Latest dot plot indicates few rate cuts through 2026, stabilizing Fed funds rate at 3.4%.

    Gold prices plummet as Federal Reserve Chair Jerome Powell takes a stance after the US central bank decided to cut rates. Projections suggest the Fed shifted less dovish. The XAU/USD trades below $2,600, down by over 2.28%.

    Federal Reserve Chair Jerome Powell indicated that the central bank may adopt a more

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    He is an experienced financial journalist with a focus on Forex and cryptocurrency markets. With over two decades of expertise, he delivers in-depth analysis and real-time market updates, providing traders and investors with the knowledge they need to navigate the ever-changing financial landscape. His insightful articles and reports are trusted by professionals and enthusiasts alike.

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