The Fed's interest rate cut boosts the dollar, causing gold futures to fall to $3,678.3 per ounce.

According to Mars Finance, as reported by Jin10, during early trading, gold futures fell by 1.1% to $3,678.3 per ounce, while the dollar index rose by 0.2% to 97.05. The Fed lowered interest rates by 25 basis points as expected and hinted at two more rate cuts this year. Soojin Kim, an analyst at Mitsubishi UFJ Financial Group, stated that investors believe the Fed's guidance is not as dovish as expected, with Chairman Powell emphasizing tariff-driven inflation risks and stating that further rate cuts will be made using a "meeting-by-meeting decision" approach, which has boosted the dollar.