Gold Dips 1.4% to $4,532/oz as Fed Holds Rates 11-1 Amid Dissent on Easing

Spot gold fell 1.4% to $4,532.32/oz after the FOMC's 11-1 vote to hold the federal funds rate at 3.50%–3.75%, with Stephen Miran dissenting for a 25 bp cut and three members (Hammack, Kashkari, Logan) opposing an easing bias. The Fed highlighted solid economic activity, elevated inflation, and Middle East geopolitical risks, contributing to mixed signals that pressured precious metals. Initial coverage noted two dissenters on easing, updated to three, underscoring internal divisions amid macro uncertainty driving near-term gold weakness.