Gold (GC=F) futures opened at $3,692.50 per ounce on Thursday, up 0.3$3,681.80. So far in September, gold has gained 5.9%. The price of gold did not respond dramatically to the Federal Reserve’s first interest rate reduction of 2025. The central bank lowered the federal funds rate by 25 basis points and projected two additional rate cuts by year-end. The Fed also updated its Summary of Economic Projections, a report outlining projected inflation, unemployment, and economic grow ...