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Gold’s record rally takes breather as spotlight shifts to Fed
Gold eased on Wednesday due to a slight uptick in the dollar and profit-taking after bullion touched a record high in the previous session on expectations of a Federal Reserve interest rate cut. Spot gold was down 0.2% at $3,681.23 per ounce, as of 0256 GMT, after hitting a record high of $3,702.95 on Tuesday. U.S. gold futures for December delivery eased 0.2% to $3,718.90.“Gold’s ascent to $3700 was aided by the decline in the USD and by bets that the Fed may signal that follow-up rate cuts are likely to arrive before year-end,” KCM Trade Chief Market Analyst Tim Waterer said. “Profit taking around the ... (full story)
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- Sep 17, 2025 3:19am Posted byFundamental Analysis264
