The Federal Reserve's interest rate cut drives the dollar higher, and gold futures fall to $3,678.3 per ounce

ChainCatcher news, according to Jinshi reports, in 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 Federal Reserve cut 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 less dovish than expected, as Chairman Powell emphasized the inflation risks driven by tariffs and indicated that further rate cuts would be approached with a "meeting-by-meeting decision" strategy, which pushed the dollar higher.