Gold prices edged up to around $3,690 per ounce on Monday (September 22), nearing a record high, as investors awaited US inflation data and Federal Reserve officials' speeches for further policy guidance.
After the Fed announced its first interest rate cut this year, the market expected two more cuts in October and December, as the labor market weakened. Continued monetary policy easing has driven a 40% surge in gold bullion prices so far this year.
The gold price at the time of writing is $3,691/Toz.
DISCLAIMER
Note: This article is for analytical purposes only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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