A selection of one kilogram silver bars at a bullion dealer in Budapest, Hungary. (Photographer: Akos Stiller/Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold erased losses after the Federal Reserve delivered an expected interest-rate cut and maintained its outlook for just one cut in 2026.

The Federal Open Market Committee voted 9-3 Wednesday to lower the benchmark federal funds rate to a range of 3.5%-3.75%. It also subtly altered the wording of its statement suggesting greater uncertainty about when it might cut rates again. Bond yields and the dollar pushed lower after the rate decision, helping lifting bullion by as much as 0.3%.

ALSO READ

Fed Ends 2025 With Third Consecutive Rate Cut, Sees Fewer Reductions Ahead Opinion Fed Ends 2025 With Third

See Full Page