💨 Abstract

The U.S. Federal Reserve held interest rates steady on Wednesday, causing gold prices to drop as the dollar and bond yields rose. The Fed provided little clarity on future rate cuts, and investors expect the central bank to hold off on cutting rates again until June. Gold prices neared all-time highs last week due to President Trump's call for lower interest rates, but bullion is less attractive in a rising interest rate environment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖