Gold Falls From Record After Fed Rates Commentary Sparks Caution

Gold declined from a record reached in the previous session, as traders became cautious following the Federal Reserve’s guarded optimism regarding rate cuts for the remainder of 2025.

Bullion was trading around $70 below its fresh peak of $3,707.57 reached during on Wednesday, when the US central bank lowered the benchmark interest rate by a quarter percentage point and penciled in two more reductions this year. Lower rates typically benefit bullion, a non-yielding asset.

Still, gold closed 0.8% lower on Wednesday, as traders discerned the Fed’s tone on future monetary-policy decisions was less dovish than expected. Chair Jerome Powell expressed ...