Gold Drops After Fed Indicates Slower Rate Cuts in 2025
Gold prices fell on Wednesday after the Federal Reserve indicated that it would slow the pace of interest rate cuts in 2025. The Fed’s decision was widely anticipated by market participants, but the size and timing of the cuts were still uncertain. The Fed’s decision to slow the pace of rate cuts is likely to have a negative impact on gold prices in the short term. However, gold is still considered a safe-haven asset, and it is likely to remain a popular investment during periods of economic uncertainty.
