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Gold falls on Feds’s slower pace of cuts

Business World Philippines

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June 20, 2025

GOLD PRICES fell on Wednesday after the US Federal Reserve held interest rates steady and signaled a slower pace of cuts in the future, and chair Jerome Powell said the central bank is expecting a “meaningful amount of inflation” in coming months.

Gold falls on Feds’s slower pace of cuts

Spot gold was down 0.4% at $3,374.75 an ounce by 3:19 p.m. EDT (1919 GMT). US gold futures settled 0.03% higher at $3,408.10.

Spot prices had briefly risen after the Fed held interest rates at its current 4.25%-4.5% range and pointed at a half percentage point reduction by yearend.

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Business World Philippines

Business World Philippines

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time to read

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T-bill rates may drop on BSP cut

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Business World Philippines

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time to read

3 mins

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All aboard the Changan Nevo convoy

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time to read

3 mins

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