Gold Gains as Fed Delivers Expected Cut With Less Hawkish Tilt
A selection of one kilogram silver bars at a bullion dealer in Budapest, Hungary.
Photographer: Akos Stiller/BloombergGold advanced after the US Federal Reserve delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026. Silver climbed to a record high.
Bullion rose as much as 0.7% as Treasury yields and the dollar declined further after policymakers’ final meeting of this year.