Gold eases from record highs post Fed rate cut; more selling on the horizon?

[https://invezz.com/wp-content/uploads/2025/08/Swiss-gold-bars.png] Gold prices eased on Thursday even as experts believed it would be prudent to wait some follow-through selling before positioning further losses. The yellow metal eased from its record highs touched recently as the dollar index rose sharply after the US Federal Reserve cut interest rates by 25 basis points on Wednesday. A stronger dollar makes commodities priced in the greenback more expensive for holders of other currencies, thereby reducing demand. Following comments from Fed Chair Jerome Powell indicating no immediate need for rapid rate adjustments, the US dollar is continuing its post-FOMC recovery, rising from its lowest point since February 2002. A generally positive tone in the equity markets is seen as undermining the safe-haven commodity. [https://invezz.com/wp-content/uploads/2025/09/image-939-1024x507.png]Source: FXstreet FED RATE CUT As widely expected, the US Fed cut its benchmark rate by 25 basis points, the first reduction since December. This move places the overnight funds rate in a new range of 4.00%-4.25%. The US central bank also signalled the likelihood of two additional rate cuts this year, citing concerns about a weakening US labour market. Consequently, the…