Gold plummets after approaching $3,800, as Federal Reserve officials speak out intensively to guide direction

ChainCatcher news, according to Jinshi reports, spot gold surged on September 23, reaching a historic high of $3,791 per ounce, approaching the $3,800 mark. However, on September 24, after remarks from Federal Reserve Chairman Powell, gold fluctuated and fell back, stabilizing around $3,760 per ounce at the time of publication. In the statements from Federal Reserve officials, Bowman anticipated three rate cuts in 2025, Powell indicated that the policy rate remains slightly restrictive, and Goolsbee mentioned that the neutral rate may stabilize around 3%.