Gold climbed to a new all-time high on Tuesday, supported by a weaker dollar, with spot gold trading above the $3,690 mark. The market is widely expecting the Federal Reserve to cut interest rates at its policy meeting this week. Capital.com analyst Kyle Rodda said: Sentiment is very optimistic and the market is betting on a rate cut ahead of the FOMC decision. The short to medium term outlook for gold remains strong.
He added: "The interest rate curve has digested a lot of dovish expectations, and if the Federal Reserve fails to support it in its guidance and forecasts, it could lead to a disruption in gold prices. If the Fed is in line with market pricing, it could be the catalyst for gold prices to break through $3,700. (Gold 10)
Analysis: Gold hits another record high, Federal Reserve interest rate cut expectations weigh on dollar weakness
2025-09-16 07:12:49
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