Gold Falls as Powell Dims Hopes for December Rate Cut
NegativeFinancial Markets
Gold prices have taken a hit as Federal Reserve Chair Jerome Powell has dampened expectations for a potential interest rate cut in December. This news is significant because it reflects the central bank's cautious approach to monetary policy, which can impact not only gold prices but also the broader financial markets. Investors often turn to gold as a safe haven during uncertain economic times, so any indication of rising interest rates can lead to decreased demand for the precious metal.
— Curated by the World Pulse Now AI Editorial System








