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Fed & yields

Dollar Slides as Market Anticipates Fed Rate Cuts Amid Tariff Concerns

Gold Spot Price Explained: Why It Changes Every 15 Seconds
Gold Spot Price Explained: Why It Changes Every 15 Seconds

The U.S. dollar weakened, driven by increasing expectations of Federal Reserve rate cuts and ongoing uncertainties surrounding recent U.S.-imposed tariffs.

Following a disappointing U.S. jobs report, traders rapidly priced in a 94.4% likelihood of a rate cut in September.

Market concerns were compounded by President Trump’s dismissal of a top statistics official and the resignation of Fed Governor Adriana Kugler.

Eight more from the desk

Other dispatches from the bullion wire.