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

25.07.31

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…

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