Reported about 17 hours ago
Gold prices experienced a slight decline following Federal Reserve Chair Jerome Powell's comments indicating no rush to lower US interest rates. With rates held steady by the Federal Open Market Committee, bullion traded near $2,760 per ounce. Expectations for rate cuts have decreased, reflecting a stronger economy that is less restrained by borrowing costs. Powell emphasized a cautious approach as economic uncertainties loom under the current administration.
Source: YAHOO