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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold edged higher after four days of losses, with traders scaling back bets on more Federal Reserve easing after Chair Jerome Powell downplayed the likelihood of a December interest-rate cut. Bullion traded near $3,950 an ounce on Thursday, after falling 0.6% in the previous session. Powell advised against trying to predict whether another rate cut would happen in 2025 after policymakers had earlier delivered a widely expected quarter-point reduction on Wednesday. Bond yields and the dollar climbed following his remarks, weighing on gold as it does not pay interest and is priced in the greenback.
