Gold slides toward $4,880 as Fed hawkish hold crushes rate cut bets

AI Briefing

• – Gold slides toward $4,880 as Fed holds interest rates, crushes rate cut bets.
• – Fed delivers hawkish stance, contrary to market expectations of 2 rate cuts in 2026.
• – Gold price remains pressured despite Fed's lack of rate cut, as hawkish tone crushes market's rate cut hopes.