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Gold Trades Near Record High as Fed Expected to Cut Rates
Gold held near a record as traders geared up for an anticipated easing of the US Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year. Bullion traded near $3,640 an ounce, after gaining for four consecutive weeks. Traders see a quarter-point cut this week amid signs of labor market weakness, and some potential for reductions extending into next year. That expectation has driven Treasury yields to the lowest in months, weakened the greenback and supported gold. Lower yields reduce the opportunity cost for holding the metal, while a weaker dollar makes it more affordable. ... (full story)
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- Sep 14, 2025 8:48pm Posted byFundamental Analysis284
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