Gold prices declined by 0.5% to $2,954.19 an ounce, after investors took profits and ahead of a potential Federal Reserve rate cut. Optimism over the timing of the next interest rate reduction and growing demand for safe-haven assets like gold fueled the price surge in previous sessions.
The US data release also boosted bets on a July monetary easing from the Fed. However, Trump’s latest trade actions against China may have worsened relations between the two nations.
Source: https://www.bloomberg.com/news/articles/2025-02-25/gold-xauusd-holds-near-record-amid-growing-us-rate-cut-optimism