Gold Gains as Fed Delivers Expected Cut With Less Hawkish Tilt

Gold advanced after the US Federal Reserve delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026. Silver climbed to a record high. Bullion rose as much as 0.7% as Treasury yields and the dollar declined further after policymakers’ final meeting of this year. Most Read from Bloomberg The Federal Open Market Committee voted 9-3 Wednesday to lower the benchmark federal funds rate by a quarter point to a range of 3.5%-3.75%. It also subtly altered the ...