Gold prices fell to around $3,680 per ounce on Wednesday (September 17th), likely due to profit-taking after the metal hit a new record in the previous session and tested the $3,700 level. However, the broader bullish bias remains intact as the market awaits the Federal Reserve's policy decision, with the central bank widely expected to cut interest rates by 25 bps—the first cut this year. Weaker payrolls data highlighted the weakening labor market, reinforcing expectations for multiple rate cuts, with the market now pricing in three cuts this year. The gold price at the time of writing...
Silver prices have fallen again as investors take profits ahead of the Federal Reserve's policy decision. The Fed is widely expected to cut interest rates by 25 bps today.At the time of this analysis, the price of silver was at $41,734 Source: Newsmaker.id
Gold prices (XAU/USD) have calmed after rallying to a record near $3,703 on Tuesday. On Wednesday evening, gold briefly fell to an intraday low of around $3,660 before stabilizing around $3,682. Profit-taking and a relatively stable US dollar held back the rally, while persistently low US Treasury yields remained a key factor.Market focus is on the Fed's decision at 18:00 GMT (01:00 WIB), with expectations for a 25-bps rate cut to 4.00% or 4.25%. The next direction will be determined by the dot plot and Jerome Powell's tone (18:30 GMT): a dovish signal could push gold back to test the area...