Gold Futures Continue Selloff Following Fed Meeting

Gold futures were falling on fading hopes for substantial U.S. interest-rate cuts, offsetting safe-haven demand from geopolitical risk.

Futures were down 1.3% at $3,364.30 a troy ounce, and on track for a weekly loss, having retreated from a multi-month high of $3,476.30/oz set on Monday.

The Federal Reserve struck a cautious tone in its meeting on Wednesday, keeping monetary policy unchanged as expected but cautioning of continued inflation risks from tariffs. Higher rates typically damp investor enthusiasm for non-interest bearing bullion.