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Institution: Gold prices remain stable at high levels, and the market remains on the sidelines before the Fed's interest rate decision
2hours ago

Odaily Planet Daily News: Gold prices fell slightly in early Asian trading due to profit-taking and a stronger dollar, but remained hovering near historical highs amid widespread market expectations that the Federal Reserve will cut interest rates this week. Gold futures fell about 0.4% to $3,672 per ounce, and the US dollar index remained flat around 97.55. Peak Trading Research analysts said: "The market has almost fully priced in the expectation of the Federal Reserve's first interest rate cut since December 2024," and "Powell's speech will be closely watched for the Fed's outlook on inflationary pressures, recent labor market weakness, and the impact of potential tariffs on monetary policy." Continued geopolitical uncertainty, strong central bank gold purchasing demand, and continued inflows of funds into gold ETFs further supported gold prices. (Jinshi)