Gold prices retreated on Thursday after the U.S. Federal Reserve signaled caution on further rate cuts in 2025. MCX December gold futures dropped Rs 1,671 to Rs 1,18,995 per 10 grams, while silver fell 1% to Rs 1,44,637/kg. Fed Chair Powell’s hawkish tone and the upcoming U.S.–China trade talks kept traders braced for continued volatility.
