Web Trader MT4 
Gold prices (XAU/USD) have recovered modestly from a one-month low near $2,583-$2,584 touched during Thursday’s Asian session, but there has been a lack of strong follow-through buying. The Federal Reserve (Fed) announced it would slow the pace of interest rate cuts, while ongoing geopolitical tensions and trade war concerns have driven some safe-haven demand for gold.
The Australian Dollar (AUD) trimmed its losses following the release of Consumer Inflation Expectations but remained under pressure. The AUD/USD pair fell as the US Dollar strengthened after the Fed’s hawkish 25 basis point rate cut on Wednesday, lowering its benchmark rate to a range of 4.25%-4.50%, the lowest in two years. Ethereum dropped 6% after the Federal Reserve announced a 25-basis-point rate cut and reduced its 2025 rate cut projections from four to two.
According to Coinglass data, this led to $102 million in ETH futures liquidations over the past 24 hours, with $90.74 million from long positions and $12.16 million from short positions. Trading derivatives carries a high level of risk and may not be suitable for all individuals. For more information, visit our website and follow us on social media.
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