Gold slides after Fed's 12-0 rate decision; spot at $4,310.10

Gold sold off after the Fed delivered a 25 bp hike and the dot plot signaled a higher-for-longer path, with 16 of 18 policymakers expecting an additional hike in 2026. The shift reinforces restrictive real-rate expectations and increases the opportunity cost of holding non-yielding assets. Short-term sensitivity should remain elevated around U.S. rates and dollar repricing, pressuring bullion positioning and related hedges.