Gold Prices Rebound Amid Hawkish Fed Outlook: What Lies Ahead?
Gold prices have shown a remarkable rebound after hitting a one-month low, despite the Federal Reserve’s latest interest rate cuts. The Fed reduced rates by 25 basis points, establishing a new range of 4.25%-4.50% while simultaneously presenting a hawkish tone that suggests a slower path towards potential easing measures.
This dynamic has resulted in spot gold rallying by 1.3% to around $2,618.11. However, there is an observable decline in gold futures by 1.2%, illustrating investor concerns about future rate adjustments, indicating a mixed outlook for gold amid resilient inflation pressures.