Gold trims gain as Fed holds rates, signals hike support

The Federal Open Market Committee voted 9 to 3 to hold the benchmark federal funds rate at 3.5-3.75%, with three officials dissenting in favor of a quarter-point rate hike. Following the announcement, gold prices pared earlier gains as the market interpreted the decision and dissenting votes as signaling potential future tightening. The split vote highlights internal divisions within the Fed regarding the pace of monetary policy normalization amid ongoing inflation concerns. The article, published by The Business Times on July 30, 2026, covers the immediate market reaction in precious metals to the Fed's decision.

First published Aug 4, 02:51 PM UTCUpdated Jul 29, 11:42 PM UTC1 reports · 1 sources

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Gold trims gain as Fed holds rates, signals hike support

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Gold trims gain as Fed holds rates, signals hike supportThe Business TimesRegionalJul 29, 11:42 PM UTC

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