Gold price today, Thursday, March 19: Gold moves lower following Fed decision

Gold (GC=F) April futures opened at $4,828 per troy ounce on Thursday, down 1.4% from Wednesday’s closing price of $4,896.20. In early trading, the gold price fell below $4,700. The Fed concluded its March policymaking meeting on Wednesday, leaving interest rates unchanged. The Fed’s latest Summary of Economic Projections (SEP) showed a median forecast of one rate reduction in 2026, unchanged from the December SEP. Federal Reserve Chair Jerome Powell confirmed that the oil supply shock caused by the Ira ...