Gold prices edged higher on Friday, supported by a softer U.S. dollar and rising market expectations that the Federal Reserve will cut interest rates again before the year ends. The move reinforced gold’s traditional status as a safe-haven asset amid economic uncertainty. At 13:15 GMT, spot gold climbed 0.5% to…
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Fed Cuts Rates Again, Powell Hints No December Easing
The US Federal Reserve has approved its second consecutive interest rate cut, lowering the benchmark federal funds rate to a range between 3.75% and 4%. However, Fed Chair Jerome Powell has signaled uncertainty over whether another reduction will follow in December, dampening market optimism. Rate Cut Aimed at Supporting Slowing…