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Gold steady as investors await Fed rate decision

15 September 2025 10:34 (UTC +04:00)

Gold prices remained steady on Monday as investors awaited a widely expected rate cut by the U.S. Federal Reserve this week, while profit-taking and a firmer dollar kept gains in check, APA-Economics reports, citing Reuters.

Spot gold held its ground at $3,642.65 per ounce, as of 0606 GMT. Bullion climbed about 1.6% last week, reaching a record high of $3,673.95 on Tuesday.

U.S. gold futures for December delivery were down 0.2% at $3,680.20.

The temptation by traders to lock in profit and some resilience from the dollar putting pressure on gold, KCM Trade Chief Market Analyst Tim Waterer said.

"The bullish outlook remains in place; however, a period of consolidation or a minor pullback would arguably be a healthy outcome that supports gold's ambitions for hitting loftier price targets down the road," Waterer said.

The U.S. dollar index edged 0.1% higher, making greenback-priced bullion more expensive for overseas buyers.

U.S. inflation data for August came in slightly above expectations on Thursday, but investors anticipate this will not deter the Fed from cutting rates by a quarter-percentage-point on Wednesday.