Gold fell sharply after approaching $3,800, with Fed officials intensively speaking out to guide direction.

According to Mars Finance, as reported by Jin10, spot gold surged on September 23, reaching a historic high of $3,791/ounce, approaching the $3,800 mark. However, on September 24, after Fed Chairman Powell's speech, gold fluctuated and fell back, stabilizing around $3,760/ounce as of the time of writing. In the remarks from Fed officials, Bowman expected three rate cuts in 2025, Powell stated that the policy rate remains slightly restrictive, and Goolsbee mentioned that the neutral rate may stabilize around 3%.