Gold Declines With Focus on Fed Rate Cut Path and Stocks Rout

Gold declined, reversing earlier advances, as weakness in equity markets weighed on the metal amid mounting concerns that the Federal Reserve has been too slow to cut interest rates.

While gold is viewed as a traditional haven asset, it often comes under pressure during sharp global corrections as traders liquidate holdings to cover losses elsewhere. The selloff in stocks intensified after a weak US jobs report fueled worries that the Fed’s hold stance on rates is now risking a more pronounced economic slowdown.