The US Federal Reserve held its fourth meeting of 2025 from Tuesday (June 17) to Wednesday (June 18) against a backdrop of trade tensions, spurred on by the Trump administration's tariffs. The central bank met analysts’ expectations by holding its benchmark rate in the 4.

Gold futures finished flat Wednesday as the Federal Reserve held interest rates steady as expected while pointing to a slower pace of cuts in the future, and chair Jerome Powell said the central bank is expecting a "meaningful amount of inflation" in coming months.