Gold rises as dollar softens, traders brace for Fed rate cut | Metals Mine

  • Gold rises as dollar softens, traders brace for Fed rate cut

    From brecorder.com

    Gold nudged higher on Monday, supported by a softer dollar as traders grew more confident the US Federal Reserve will deliver an interest-rate cut at its policy meeting this week. Spot gold was up 0.3% at $4,212.70 per ounce, as of 0319 GMT. “Core PCE data came and went without incident, which leaves the Fed on track to cut rates this week, with this expectation of looser monetary conditions driving gold to the upside,” KCM Trade Chief Market Analyst Tim Waterer said. “The anticipated rate cut this week is keeping the dollar in check while simultaneously giving the gold price some room to move northwards,” he ... (full story)

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ZforexCM
Dec 8, 2025 1:13am
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XAUUSD

Gold hovered around $4,200 per ounce, steadying after last week’s pullback. Softer US labor signals and steady core inflation have strengthened the case for more easing, with markets pricing an 88% chance of a 25-bp move and looking for two additional cuts in 2026.

Fed’s long-term projections are also awaited, while Tuesday’s JOLTS data offers the last labor overview before the decision. In the background, China continued increasing its gold reserves for the 13th month.

Gold sees support near $4175, while resistance is around $4260.
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Ijhii85
Dec 8, 2025 11:02am
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Gold has had an overall great year!
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