# Gold slides below $2,600 as Fed signals two rate cuts in 2025

> Spot gold fell more than 2% below $2,600 on December 18 after the Fed cut rates but its dot plot showed only two cuts for 2025. Powell said inflation risks remain tilted to the upside and that the 2% target could take one to two years to reach.

- Date: 2024-12-18 · published 2024-12-18T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/26855-gold-slides-below-2-600-as-fed-signals-two-rate-cuts-in-2025
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The hawkish dot plot lifts real yields and the dollar, pressuring gold and other dollar-priced commodities. Feed buyers should expect firmer dollar conditions to weigh on import-currency purchasing power into 2025.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-18 | [Gold falls more than 2% after Fed signals rate-cut slowdown in 2025](https://feedsoft.ai/events/26848-gold-falls-more-than-2-after-fed-signals-rate-cut-slowdown-in-2025.md) | +0.7% | +1.5% |
| DXY | 2019-08-01 | [Gold prices slip to two-week low as US Fed dashes hopes of more rate cuts](https://feedsoft.ai/events/57513-gold-prices-slip-to-two-week-low-as-us-fed-dashes-hopes-of-more-rate-cuts.md) | +1.1% | +2.1% |
| DXY | 2019-07-31 | [Gold, Silver Dip as Fed Cuts Rates for First Time Since 2008 \| INN](https://feedsoft.ai/events/58017-gold-silver-dip-as-fed-cuts-rates-for-first-time-since-2008-inn.md) | +0.9% | +1.8% |
| DXY | 2021-06-16 | [Gold slides over 1% after Fed projects rate hikes into 2023](https://feedsoft.ai/events/46487-gold-slides-over-1-after-fed-projects-rate-hikes-into-2023.md) | +1.4% | +1.4% |
| DXY | 2026-01-29 | [GBP/USD slides below 1.3780 as Fed hold lifts the Dollar](https://feedsoft.ai/events/21301-gbp-usd-slides-below-1-3780-as-fed-hold-lifts-the-dollar.md) | +0.6% | +0.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gold-price-dips-ahead-of-key-federal-reserve-decision-202412181706

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.