Gold Slips With Higher Dollar as Traders Mull Fed Rate Outlook

Gold slipped as the dollar pushed higher, with the Federal Reserve signaling guarded optimism regarding further US rate cuts.

Bullion fell by as much as 0.9% as the dollar rose the most since September. A stronger greenback is negative for gold as it’s priced in the US currency.

The precious metal extended a drop from the prior day as the US central bank’s tone on future policy decisions was less dovish than expected after its September meeting that concluded on Wednesday. Chair Jerome Powell expressed concerns about tariff-driven inflation pressures, saying officials were in a “meeting-by-meeting situation” with regards to ...