Gold prices retreat as traders see Fed slowing rate cuts in 2025
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2024-12-18 05:02 7,277
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Golden Finance reported that gold fell on Tuesday under the pressure of a stronger U.S. dollar and rising U.S. bond yields. Investors focused on the Federal Reserve's last policy meeting of the year, with growing expectations for a gradual interest rate cut in 2025. The Federal Reserve is widely expected to announce a 25 basis point interest rate cut, and its latest economic forecasts and dot plots have also attracted much attention, which may reshape expectations for the trajectory of interest rates in 2025 and 2026. "So the question is whether the Fed will be more hawkish or more dovish than what the market now expects," said market analyst Fawad Razaqzada. "Because of Trump's agenda, people expect the Fed to be open to further rate cuts at this stage." Will be more cautious."