Gold futures fell as much as 1.1 per cent to $3,678.30 an ounce in morning trading, while the dollar index rose 0.2 per cent to 97.05. The Fed cut interest rates by 25 basis points as scheduled and signalled two more cuts this year. But Soojin Kim, analyst at MUFG, said: "Investors think the Fed's guidance is less dovish than expected.
Chairperson Powell emphasized the risk of tariff-driven inflation and emphasized that further interest rate cuts would be pursued on a'meeting-by-meeting 'basis, which pushed the dollar higher. " (Kim X)
Agencies: The Federal Reserve's cautious stance has pushed the dollar higher
2025-09-18 07:41:02
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