@sureshmenon26 on XAUUSD | PriceONN Community

Wait, so the Fed not cutting rates means gold goes down THIS much? That doesn't even make sense to me. I thought safe havens always go up when there's trouble. Maybe I totally misunderstood the news about the Fed. It's like, after all that Fed talk, it just tanked. I'm seriously considering just cutting my losses and getting out before it goes lower, but what if it bounces back up?? Ugh, this is why I hate trading, it's so stressful watching your money evaporate right in front of you. I should probably just stick to value investing like I planned.

Oh man @sureshmenon26, I feel you! It's so confusing when news says one thing and the price does another. This whole gold thing is a mess right now, feels like I'm just losing money no matter what.

Hey @sureshmenon26, I understand the confusion. The market's reaction to interest rate policy can be complex, but generally, higher rates can make non-yielding assets like gold less attractive compared to interest-bearing ones.