Gold Slips As Traders Unwind Positions After Fed Rate Cut

Benzinga

Gold slipped after the Fed’s divided vote signaled a pause on further easing, while silver extended its record rally on tight supply and strong industrial demand. Analysts said overpositioning weighed on gold even as fundamentals stayed firm.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Gold slipped on Thursday as traders responded to the Fed's divided vote on a quarter-point rate cut,

00:08while silver extended its record-setting rally, according to Reuters.

00:12Spot gold dipped 0.3% to $4,217.09 per ounce as over-positioning unwound,

00:20though analysts said fundamentals remained intact.

00:23The Fed signaled a pause on further easing after Wednesday's split decision

00:27and projected just one rate cut in 2026.

00:31Spot silver rose 1% to $62.39 after hitting a record high of $62.88,

00:38supported by strong industrial demand, shrinking inventories,

00:42and its addition to the U.S. critical minerals list.

00:44For all things money, visit Benzinga.com.

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