Gold loses shine as Fed dampens 2025 rate-cut hopes; prices tumble Rs 1,700 per 10 gm

Gold prices retreated on Thursday after the U.S. Federal Reserve signaled caution on further rate cuts in 2025. MCX December gold futures dropped Rs 1,671 to Rs 1,18,995 per 10 grams, while silver fell 1% to Rs 1,44,637/kg. Fed Chair Powell’s hawkish tone and the upcoming U.S.–China trade talks kept traders braced for continued volatility.