Gold prices remained stable in Asian trading on Wednesday following a decline in the previous session. The Federal Reserve commenced its December policy meeting, anticipated to culminate in a 25 basis point rate cut. Investors are closely monitoring the Fed's economic projections and Chair Jerome Powell's statements for indications regarding the long-term interest rate trajectory, particularly as inflation persists and is projected to rise further. The performance of gold, which does not generate income unlike interest-bearing assets, is significantly influenced by interest rate movements.
Investing.com-- Gold prices were largely steady in Asian trade on Wednesday after falling in the previous session, as the Federal Reserve kicked off its December policy meeting that is expected to conclude with a rate cut. Gold under pressure on expectations of slower Fed rate cut path in 2025
Signals on the Fed’s long-term rate outlook remain in focus as inflation has remained stubborn and is expected to rise further under upcoming President Donald Trump.
Gold Federal Reserve Interest Rates Inflation Dollar
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold prices steady below $2,700 as dollar firms with Fed in focusGold prices steady below $2,700 as dollar firms with Fed in focus
Read more »
Gold Prices Drop Amid US Treasury Yields, Fed OutlookGold prices are declining due to rising US Treasury yields, profit-taking, and expectations of a less dovish Federal Reserve outlook for 2025. The upcoming Fed meeting and its economic projections, particularly regarding rate cuts, will significantly influence gold prices. India's gold imports are anticipated to decrease in December due to fewer festivals and higher gold prices.
Read more »
Gold prices muted before Fed rate decision; copper hit by weak China dataGold prices muted before Fed rate decision; copper hit by weak China data
Read more »
Gold Prices Steady Ahead of Fed Rate DecisionGold prices held steady in Asian trade on Wednesday following a decline in the previous session. The Federal Reserve commenced its December policy meeting, anticipated to culminate in a 25 basis point rate cut. Market attention is focused on the Fed's economic projections and Chair Jerome Powell's comments regarding the long-term interest rate outlook. Gold, being non-interest-bearing, is negatively impacted by higher interest rates as it increases the opportunity cost for investors. Additionally, the Bank of England and the Bank of Japan are scheduled to announce rate decisions this week, further influencing the market.
Read more »
Gold prices rebound amid geopolitical tensions, Fed dovish betsGold's price advanced late during the North American session on Friday, up by 0.67%, yet it remains set to print monthly losses of over 3%.
Read more »
Fed members back gradual rate cuts should economy evolve as expected: Fed MinutesFed members back gradual rate cuts should economy evolve as expected: Fed Minutes
Read more »