Gold Trims Losses After Fed Decision
Gold trimmed earlier losses and hovered just below $3,400 per ounce on Wednesday after the Federal Reserve held its benchmark interest rate steady, resisting mounting political pressure to ease monetary policy.
The central bank kept rates in the 4.25%–4.5% range, citing ongoing economic uncertainty and increased market volatility.
In its post-meeting statement, the Fed highlighted rising risks of both inflation and unemployment, reinforcing a cautious stance on future rate adjustments.
Earlier in the session, gold came under pressure as news emerged that U.S. and Chinese officials are set to meet this week—a development that weighed on demand for safe-haven assets.
The talks are viewed as a potential breakthrough in easing trade tensions, which escalated sharply last month when President Trump raised tariffs on Chinese imports to 145% while reducing them for most other U.S. trading partners.
In retaliation, China imposed steep tariffs of its own, further straining global trade dynamics.
Source: Trading Economics
