Gold Rises as Fed Divisions Raise Questions Over Rate Outlook
Update: 2025-10-30
Description
Gold prices rebounded on October 30th after a steep drop, as investors grappled with mixed signals from Federal Reserve officials about future interest rate cuts. The price of gold climbed by nearly 1% to reach close to $3,900 an ounce, following a 5% decline over the previous four trading sessions. The Federal Reserve's recent rate cut and Powell's remarks about no December cut have created uncertainty, with dissents among Fed officials marking the third straight meeting with disagreements. Higher interest rates and progress in US-China trade talks have dampened gold's safe-haven appeal, but its performance this year remains strong, with prices up by 50% due to central bank and investor buying. Silver and other precious metals have also risen, and market watchers await the World Gold Council's quarterly demand report for more insights into gold's demand.
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