TechFlow, September 15 — According to Jinshi Data, gold prices edged lower in Asian morning trading due to profit-taking and a stronger dollar, yet remained near record highs amid broad market expectations that the Federal Reserve will cut interest rates this week. Gold futures declined approximately 0.4% to $3,672 per ounce, while the dollar index held steady around 97.55.
"The market has almost fully priced in expectations for the Fed's first rate cut since December 2024," said an analyst at Peak Trading Research, adding that "Powell's remarks will be closely watched for insights into the Fed's outlook on inflation pressures, recent softness in the labor market, and the potential impact of tariffs on monetary policy." Ongoing geopolitical uncertainty, strong central bank demand for gold, and continued inflows into gold ETFs are further supporting gold prices.
