Gold price falls to $4,035/oz after Fed votes 10-2 to hold rates steady

The Federal Reserve's Federal Open Market Committee voted 10-2 to keep the federal funds rate unchanged at 3.75 to 4 percent, aligning with market expectations. This decision supports the Fed's dual mandate amid strong economic activity and resilient domestic spending. Following the announcement, gold prices dropped to $4,035 per ounce.

Originally published by gnews