Federal Reserve's Decision Leaves Gold Prices Under Pressure

Gold prices are under pressure as the Federal Reserve keeps interest rates unchanged and provides limited guidance on its monetary policy. The central bank remains optimistic about the U.S. economy despite expecting some weakness. The gold market is not significantly reacting to the anticipated move. Analysts believe that the Federal Reserve is unlikely to lower interest rates further as inflation cools. However, they expect a rate cut in the first half of 2024, with rates falling below consensus by the end of next year.