\n
The cryptocurrency market is known and critiqued (by some) for its enhanced volatility, a good example of which it witnessed in the past 12 hours or so when prices tumbled, leaving nearly $1 billion in liquidations.<\/p>\n
Bitcoin was among the least affected assets, but its price still tumbled from around $71,000 to $65,000 before it recovered to approximately $67,000.<\/p>\n
Volatility Across All Markets<\/h2>\n The altcoins, however, plunged hard, with numerous double-digit declines within hours. Yet, price declines were evident even in more mature industries, like the US stock markets, where the S&P 500 fell from over 5,210 to under 5,100 in minutes, and so did the Dow Jones Industrial Average and the Nasdaq Composite.<\/p>\n
Even gold, arguably the asset best known for its stability amid crisis and lack of volatility, decreased by 4% in hours from its all-time high of $2,433 to $2,333.<\/p>\n
Before that, the precious metal was on a roll, especially since it decisively broke above $2,000 earlier this year. The geopolitical tension in Europe and the Middle East propelled further gains, but Iran\u2019s inclusion resulted in massive price increases that drove gold to its aforementioned highest price against the dollar.<\/p>\nXAUUSD. Source: TradingView<\/figcaption><\/figure>\nHowever, all markets were seemingly impacted by the latest comments coming from various US Federal Reserve high-ranking officials. Raphael Bostic, the President of Atlanta\u2019s Federal Reserve Bank, as well as San Francisco\u2019s President \u2013 Mary Daly \u2013 were among those who forecasted a delay in the central bank\u2019s potential pivot from its current monetary policy.<\/p>\n
Both branch Presidents were quick to refute the rumors that the Fed would start cutting interest rates anytime soon. Daly indicated\u00a0that \u201cthere is still a lot of work to do\u201d and that there is \u201cabsolutely\u201d no urgency to reduce the rates.<\/p>\n
Crypto Market Outlook<\/h2>\n Although these comments should indeed lead to volatility in riskier markets like crypto, or even Wall Street, gold should actually be spared. Furthermore, given its status as safe haven, its price against the dollar might increase following such comments.<\/p>\n
However, the greenback actually rose against other currencies. This is because higher interest rates lead to fewer loans and less cheap money, at least in theory.<\/p>\n
Nevertheless, the crypto market is still deep in the red on a daily scale but has recovered some ground since the lows seen last night. After all, more than $250 billion left the market within hours at one point, but there are some promising signals for the next few weeks. Most importantly, the Bitcoin halving is scheduled to take place in just days, an event highly regarded as a catalyst for a new bull run, at least historically.<\/p>\n
\n
SPECIAL OFFER (Sponsored)<\/span>Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The cryptocurrency market is known and critiqued (by some) for its enhanced volatility, a good…<\/p>\n","protected":false},"author":1,"featured_media":31130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[25],"yoast_head":"\n
Gold's Price Dropped 4% in Hours After Fed's Latest Rate Cuts Comments - iCoinMarket<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold's Price Dropped 4% in Hours After Fed's Latest Rate Cuts Comments - iCoinMarket\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency market is known and critiqued (by some) for its enhanced volatility, a good...\" \/>\n<meta property=\"og:url\" content=\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/\" \/>\n<meta property=\"og:site_name\" content=\"iCoinMarket\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-13T07:50:29+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1201\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"CryptoExpert\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CryptoExpert\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/\"},\"author\":{\"name\":\"CryptoExpert\",\"@id\":\"https:\/\/icoinmarket.com\/#\/schema\/person\/b833004b8442f2a803ee5ae3df2916b9\"},\"headline\":\"Gold’s Price Dropped 4% in Hours After Fed’s Latest Rate Cuts Comments\",\"datePublished\":\"2024-04-13T07:50:29+00:00\",\"dateModified\":\"2024-04-13T07:50:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/\"},\"wordCount\":470,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/icoinmarket.com\/#organization\"},\"image\":{\"@id\":\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate.jpg\",\"keywords\":[\"Bitcoin\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/\",\"url\":\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/\",\"name\":\"Gold's Price Dropped 4% in Hours After Fed's Latest Rate Cuts Comments - iCoinMarket\",\"isPartOf\":{\"@id\":\"https:\/\/icoinmarket.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#primaryimage\"},\"image\":{\"@id\":\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate.jpg\",\"datePublished\":\"2024-04-13T07:50:29+00:00\",\"dateModified\":\"2024-04-13T07:50:29+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#primaryimage\",\"url\":\"http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate.jpg\",\"contentUrl\":\"http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate.jpg\",\"width\":1201,\"height\":720,\"caption\":\"Gold's Price Dropped 4% in Hours After Fed's Latest Rate Cuts Comments\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\/\/icoinmarket.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold’s Price Dropped 4% in Hours After Fed’s Latest Rate Cuts Comments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/icoinmarket.com\/#website\",\"url\":\"https:\/\/icoinmarket.com\/\",\"name\":\"iCoinMarket\",\"description\":\"Latest Bitcoin & Cryptocurrency News\",\"publisher\":{\"@id\":\"https:\/\/icoinmarket.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/icoinmarket.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/icoinmarket.com\/#organization\",\"name\":\"iCoinMarket\",\"url\":\"https:\/\/icoinmarket.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/icoinmarket.com\/#\/schema\/logo\/image\/\",\"url\":\"http:\/\/icoinmarket.com\/wp-content\/uploads\/2021\/05\/logo.png\",\"contentUrl\":\"http:\/\/icoinmarket.com\/wp-content\/uploads\/2021\/05\/logo.png\",\"width\":537,\"height\":100,\"caption\":\"iCoinMarket\"},\"image\":{\"@id\":\"https:\/\/icoinmarket.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/icoinmarket.com\/#\/schema\/person\/b833004b8442f2a803ee5ae3df2916b9\",\"name\":\"CryptoExpert\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/icoinmarket.com\/#\/schema\/person\/image\/\",\"url\":\"http:\/\/icoinmarket.com\/wp-content\/litespeed\/avatar\/9a9f1c5547267041295a8fb5730397ef.jpg?ver=1715957238\",\"contentUrl\":\"http:\/\/icoinmarket.com\/wp-content\/litespeed\/avatar\/9a9f1c5547267041295a8fb5730397ef.jpg?ver=1715957238\",\"caption\":\"CryptoExpert\"},\"sameAs\":[\"https:\/\/icoinmarket.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold's Price Dropped 4% in Hours After Fed's Latest Rate Cuts Comments - iCoinMarket","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/","og_locale":"en_US","og_type":"article","og_title":"Gold's Price Dropped 4% in Hours After Fed's Latest Rate Cuts Comments - iCoinMarket","og_description":"The cryptocurrency market is known and critiqued (by some) for its enhanced volatility, a good...","og_url":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/","og_site_name":"iCoinMarket","article_published_time":"2024-04-13T07:50:29+00:00","og_image":[{"width":1201,"height":720,"url":"http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate.jpg","type":"image\/jpeg"}],"author":"CryptoExpert","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CryptoExpert","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#article","isPartOf":{"@id":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/"},"author":{"name":"CryptoExpert","@id":"https:\/\/icoinmarket.com\/#\/schema\/person\/b833004b8442f2a803ee5ae3df2916b9"},"headline":"Gold’s Price Dropped 4% in Hours After Fed’s Latest Rate Cuts Comments","datePublished":"2024-04-13T07:50:29+00:00","dateModified":"2024-04-13T07:50:29+00:00","mainEntityOfPage":{"@id":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/"},"wordCount":470,"commentCount":0,"publisher":{"@id":"https:\/\/icoinmarket.com\/#organization"},"image":{"@id":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#primaryimage"},"thumbnailUrl":"http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate.jpg","keywords":["Bitcoin"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#respond"]}]},{"@type":"WebPage","@id":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/","url":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/","name":"Gold's Price Dropped 4% in Hours After Fed's Latest Rate Cuts Comments - iCoinMarket","isPartOf":{"@id":"https:\/\/icoinmarket.com\/#website"},"primaryImageOfPage":{"@id":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#primaryimage"},"image":{"@id":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#primaryimage"},"thumbnailUrl":"http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate.jpg","datePublished":"2024-04-13T07:50:29+00:00","dateModified":"2024-04-13T07:50:29+00:00","breadcrumb":{"@id":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#primaryimage","url":"http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate.jpg","contentUrl":"http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate.jpg","width":1201,"height":720,"caption":"Gold's Price Dropped 4% in Hours After Fed's Latest Rate Cuts Comments"},{"@type":"BreadcrumbList","@id":"http:\/\/icoinmarket.com\/golds-price-dropped-4-in-hours-after-feds-latest-rate-cuts-comments\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/icoinmarket.com\/"},{"@type":"ListItem","position":2,"name":"Gold’s Price Dropped 4% in Hours After Fed’s Latest Rate Cuts Comments"}]},{"@type":"WebSite","@id":"https:\/\/icoinmarket.com\/#website","url":"https:\/\/icoinmarket.com\/","name":"iCoinMarket","description":"Latest Bitcoin & Cryptocurrency News","publisher":{"@id":"https:\/\/icoinmarket.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/icoinmarket.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/icoinmarket.com\/#organization","name":"iCoinMarket","url":"https:\/\/icoinmarket.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/icoinmarket.com\/#\/schema\/logo\/image\/","url":"http:\/\/icoinmarket.com\/wp-content\/uploads\/2021\/05\/logo.png","contentUrl":"http:\/\/icoinmarket.com\/wp-content\/uploads\/2021\/05\/logo.png","width":537,"height":100,"caption":"iCoinMarket"},"image":{"@id":"https:\/\/icoinmarket.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/icoinmarket.com\/#\/schema\/person\/b833004b8442f2a803ee5ae3df2916b9","name":"CryptoExpert","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/icoinmarket.com\/#\/schema\/person\/image\/","url":"http:\/\/icoinmarket.com\/wp-content\/litespeed\/avatar\/9a9f1c5547267041295a8fb5730397ef.jpg?ver=1715957238","contentUrl":"http:\/\/icoinmarket.com\/wp-content\/litespeed\/avatar\/9a9f1c5547267041295a8fb5730397ef.jpg?ver=1715957238","caption":"CryptoExpert"},"sameAs":["https:\/\/icoinmarket.com"]}]}},"featured_image_urls":{"full":["http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate.jpg",1201,720,false],"thumbnail":["http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate-150x150.jpg",150,150,true],"medium":["http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate-300x180.jpg",300,180,true],"medium_large":["http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate-768x460.jpg",640,383,true],"large":["http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate-1024x614.jpg",640,384,true],"covernews-slider-full":["http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate-1115x715.jpg",1115,715,true],"covernews-slider-center":["http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate-800x500.jpg",800,500,true],"covernews-featured":["http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate-1024x614.jpg",1024,614,true],"covernews-medium":["http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate-540x340.jpg",540,340,true],"covernews-medium-square":["http:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/Golds-Price-Dropped-4-in-Hours-After-Feds-Latest-Rate-400x250.jpg",400,250,true]},"author_info":{"display_name":"CryptoExpert","author_link":"http:\/\/icoinmarket.com\/author\/admin\/"},"category_info":"<a href=\"http:\/\/icoinmarket.com\/category\/bitcoin-news\/\" rel=\"category tag\">Bitcoin News<\/a>","tag_info":"Bitcoin News","comment_count":"0","_links":{"self":[{"href":"http:\/\/icoinmarket.com\/wp-json\/wp\/v2\/posts\/31129"}],"collection":[{"href":"http:\/\/icoinmarket.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/icoinmarket.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/icoinmarket.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/icoinmarket.com\/wp-json\/wp\/v2\/comments?post=31129"}],"version-history":[{"count":0,"href":"http:\/\/icoinmarket.com\/wp-json\/wp\/v2\/posts\/31129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/icoinmarket.com\/wp-json\/wp\/v2\/media\/31130"}],"wp:attachment":[{"href":"http:\/\/icoinmarket.com\/wp-json\/wp\/v2\/media?parent=31129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/icoinmarket.com\/wp-json\/wp\/v2\/categories?post=31129"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/icoinmarket.com\/wp-json\/wp\/v2\/tags?post=31129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}