Gold opens lower at $3,387.10 per ounce after Fed holds interest rates steady

From Yahoo Finance: 2025-06-20 07:35:00

Gold futures opened at $3,387.10 per ounce, down 0.08% from the previous close, following the Fed’s decision to hold interest rates steady. The Fed’s dot plot indicates a possible two rate cuts in 2025, impacting stock prices and gold demand. Gold’s opening price on Friday marks a 0.6% weekly decline, but a 5.2% increase over the past month and a 45.4% rise in the past year. Costco offers gold, silver, and platinum products, with all three metals up at least 22% in 2025. Analysts predict gold could reach $3,700 by year-end due to rising demand and tariff uncertainty.



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