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Fed & yields

Gold Prices Dip as Fed Holds Rates Amid Strong U.S. Economic Data

Gold Prices Rise on Fed Rate Cut Bets; Silver Hits 13-Year Peak
Gold Prices Rise on Fed Rate Cut Bets; Silver Hits 13-Year Peak

Gold prices dropped following the Federal Reserve’s decision to hold interest rates steady at 4.25% to 4.5% during its July meeting.

Strong U.S. economic data, including better-than-expected GDP growth and solid job numbers, suggest rate cuts may be delayed this year.

Fed Chair Jerome Powell emphasized the need to watch the effects of tariffs before making any changes.

Meanwhile, ongoing trade talks between the U.S. and China offer a cautiously optimistic outlook for the markets.

Eight more from the desk

Other dispatches from the bullion wire.