Fed Interest Rate Cut: Gold’s next move after record rally
The Federal Reserve is expected to cut rates by 25 bps, but Gold has already corrected from record highs.

The Federal Reserve is expected to cut rates by 25 bps, but Gold has already corrected from record highs.
EUR/USD remains stable near 1.1650, trading within a multi-month range as traders await direction from the Fed and ECB policy announcements later this week.
Gold (XAU/USD) is undergoing a technical correction below $4000, with key support at $3880 and traders watching the Fed’s rate decision as a potential catalyst for the next move.
USD/CHF continues to consolidate near 0.79 ahead of the FOMC, with a breakout above 0.80–0.81 potentially triggering a long-term bullish trend as the dollar gains broader strength.
GBP/USD reversed sharply on Tuesday, breaking below the 200-day EMA, with downside risks growing toward 1.32 and 1.3150 as Fed policy takes center stage.
The EUR/USD pair trades with a modest bearish bias on Wednesday, hovering around the 1.1630 level early in the American session. There’s little going on around financial markets ahead of central banks’ monetary policy decisions, starting with the Bank of Canada (BoC) and the Federal Reserve (Fed).