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2025-09-18 15:41:34
[Institution: The Fed's Cautious Strategy Pushes Up the Dollar and Depresses Gold Prices] In early trading, gold futures fell 1.1% to $3,678.30 per ounce, while the US dollar index rose 0.2% to 97.05. The Fed cut interest rates by 25 basis points as expected and hinted at two more rate cuts this year. However, MUFG analyst Soojin Kim stated, "Investors viewed the Fed's guidance as less dovish than expected. Chairman Powell emphasized the risk of tariff-driven inflation and stressed the 'meet-by-meeting' approach to further rate cuts, which pushed the dollar higher."
