After trading in the green for most of the day, the US spot gold slipped around 0.9% to $3,915.23 an ounce, as Jerome Powell made it clear that the Fed is yet to decide on delivering the projected rate cut in December. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold, which hovered around the $4,000-mark on Wednesday, lost momentum after Federal Reserve Chair Jerome Powell indicated that a pause on rate cuts in December cannot be ruled out.

After trading in the green for most of the day, the US spot gold slipped around 0.9% to $3,915.23 an ounce, as Powell made it clear that the Fed is yet to decide on delivering the rate cut projected in the final month of this year.

A rate cut in December is "far from" a foregone conclusion, Powell said, while

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