Wednesday, 30 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Wavers as Traders Watch Middle East Tensions, Await Fed
Wednesday, 18 June 2025 22:00 WIB | GOLD |GOLDEMAS

Gold was steady as traders watched for signs the conflict in the Middle East could widen to include the US, while also awaiting an interest-rate decision by the Federal Reserve later in the day.

President Donald Trump declined on Wednesday to say whether the US plans to join Israel's military offensive on Iran. He met with his national security team on Tuesday, fueling speculation that the US may join Israel's attack. 

Ahead of the Fed's rate decision, the latest US data showed jobless claims ticked down last week, stabilizing near the highest levels in eight months. A separate report showed housing starts slid to a five-year low. The US financial markets will be closed Thursday for a holiday.

The Fed is widely expected to leave rates unchanged for a fourth straight meeting, reiterating it needs more clarity on the impacts of a wide array of Trump administration policies before adjusting borrowing costs. Fed watchers continue to pencil in two rate cuts this year, but some economists say the "dot plot" could show just one.

Meantime, direct American intervention in the Middle East conflict would potentially push gold past the record high of $3,500 an ounce set in April. Bullion has already rallied around 30% this year on a cocktail of trade, economic and geopolitical risks that's prompted central banks to scoop up the precious metal.

Spot gold was up 0.4% to $3,388.57 an ounce as of 10:49 a.m. in New York. The Bloomberg Dollar Spot Index dipped 0.1%. Silver also slipped, while platinum and palladium advanced. 

Source : Bloomberg

RELATED NEWS
Gold inches higher on lower Treasury yields; Fed policy decision awaited ...
Wednesday, 30 July 2025 13:16 WIB

Gold prices edged up on Wednesday, supported by lower Treasury yields and a slight pullback in the dollar, while investors await the Federal Reserve's policy decision later in the day for guidance on ...

Gold Stays Close to 3-Week Low ...
Wednesday, 30 July 2025 09:55 WIB

Gold hovered around $3,320 an ounce on Wednesday, staying near a three-week low as easing trade tensions reduced the metal's safe-haven appeal. The US–EU agreement, which imposed a 15% tariff on most ...

Gold Steady Ahead of FOMC Decision -- Market Talk ...
Wednesday, 30 July 2025 07:08 WIB

Gold is steady ahead of the FOMC decision due later today. While the FOMC is widely expected to leave rates unchanged, the focus will be on whether Fed Chair Powell offers any hint of a September rate...

Gold rebounds to $3,330 as US yields fall, JOLTS miss boosts bullion bid...
Wednesday, 30 July 2025 06:31 WIB

Gold price recovered some ground on Tuesday after falling for the fourth straight day as the Greenback trimmed some of its earlier gains, which boosted appetite for the yellow metal. A drop in US Trea...

Gold Price Forecast...
Wednesday, 30 July 2025 00:05 WIB

Gold (XAU/USD) steadies on Tuesday, halting a four-day slide after dipping to a near three-week low around $3,300 on Monday. The slight rebound comes despite a broadly risk-on mood that has kept deman...

LATEST NEWS
European Stocks Dip Amid Earnings Pressure

European stocks declined on Wednesday, with both the STOXX 50 and STOXX 600 slipping nearly 0.2%, reversing modest gains from the previous session, with investors continuing to focus on fresh corporate earnings. Hermès fell more than 2% after its...

Japanese Shares Wobble Ahead of BOJ Decision

The Nikkei 225 Index shed 0.05% to close at 40,655 while the broader Topix Index gained 0.4% to 2,920 on Wednesday, with Japanese shares struggling for clear direction as investors braced for the latest Bank of Japan monetary policy decision. The...

Silver Holds Near 2-Week Low Ahead of Fed Decision

Silver prices held around $38 per ounce on Wednesday, hovering near two-week lows as investors remained cautious ahead of the Federal Reserve's policy announcement. The Fed is widely expected to keep interest rates unchanged, though markets are...

POPULAR NEWS
European stocks close lower as EU-U.S. trade deal optimism wanes
Tuesday, 29 July 2025 00:34 WIB

Europe's Stoxx 600 index erased earlier gains to close 0.23% lower as investors turned less positive over the details of the U.S.-EU trade...

EU and U.S. Strike Metals Deal to Tackle Chinese Overcapacity
Tuesday, 29 July 2025 09:36 WIB

The European Union and the U.S. will form a "metals alliance" to counter the impact of subsidised Chinese production on global markets, as part of...

European Equities Rise in Tuesday Trading; Novo Nordisk Falls 23% on Q2 Results, 2025 Outlook
Wednesday, 30 July 2025 00:36 WIB

European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 was up 0.33%, Germany's DAX climbed 1.03%, the FTSE 100 gained...

Dow Jones Industrial Average grapples with direction ahead of heavy week
Tuesday, 29 July 2025 04:12 WIB

The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of...