Gold prices steadied near a one-month low in Asian trade on Friday and were headed for weekly losses after the U.S. Federal Reserve’s forecast of fewer than expected interest rate cuts in 2025 put investors on edge.The Fed lowered interest rates by 25 basis points as expected, but signaled it will adopt a slower rate cut path, with just two more cuts in 2025. Markets were expecting four cuts before the decision.
Gold prices steady but set for weekly losses on hawkish Fed outlook.www.thealgotechnology.com
