Global gold prices today tended to be flat, slightly weaker, at around $4,205–$4,210 per troy ounce, pressured by a strengthening US dollar following strong employment data. Investors have almost fully priced in the Fed's 25 bps interest rate cut tonight, but are wary of a "hawkish" cut (a rate cut, but with a tighter tone), so gold's upside is temporarily limited.
The market's primary focus is no longer on the cut, but on the dot plot and the Fed's projections for 2026: how many more cuts they will leave open, and how Powell will speak about inflation and employment. As long as the 10-year US bond yield remains around 4.18% and the Fed's tone remains cautious, gold is likely to move range-bound while awaiting clearer signals on whether the next rally will continue or a deeper correction. (az)
The price of gold at the time of this analysis was released was $4,207.
Disclaimer
This article is analytical in nature and does not constitute definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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