Fed’s ‘hawkish cut’ boosts gold and weakens dollar, but crypto shrugs

The Fed’s third 25 bps cut and cautious forward guidance pushed the dollar index toward seven-week lows and nudged 10-year yields toward the low-4% area, powering gold back above $4,270/oz and copper higher as well (Trading Economics, Investing.com). In contrast, Bitcoin and Ethereum failed to rally on easier financial conditions, with CoinDesk noting that crypto remains in a short-term bearish trend despite macro tailwinds.