Institutions: Gold prices remain stable at high levels, and the market remains waiting before the Fed's interest rate decision

Odaily Planet Daily reported that gold prices fell slightly in early Asian trading due to profit settlement and the dollar's strengthening, but remained near all-time highs amid the general expectations that the Fed will cut interest rates this week. Gold futures fell about 0.4% to $3,672 per ounce, while the U.S. dollar index remained flat at around 97.55. “The market is almost fully priced at the Fed’s expectations for the first rate cut since December 2024,” Peak Trading Research analysts said, while “Powell’s speech will be closely watched to seek out the Fed’s outlook on inflationary pressures, recent labor market weakness and potential tariffs impact on monetary policy.” Continued geopolitical uncertainty, strong central bank demand for gold purchases and continued capital inflows from gold ETFs further support gold prices. (Jin Shi)