US EditionGold Edges Higher on US Rate-Cut Bets and Dollar Weakness
- On July 2, 2025, gold futures traded near 3,346.3, close to the key pivot point of 3,347.4 which signals possible upward momentum.
- The price rise stems from intensified speculation of US interest rate cuts amid a falling US dollar and fiscal uncertainty from the 'Big Beautiful Bill'.
- Market participants expect at least three rate cuts in 2025's second half, while central banks increase gold reserves, especially in emerging markets like China and India.
- Gold is up over 27% year to date and an AI model predicts it will trade between $3,420 and $3,600 in Q3, with risks from economic data and Fed signals ahead.
- Gold prices are poised to remain elevated through Q3 2025, but continued economic strength may challenge rate cut expectations and limit further upside for gold.
19 Articles
19 Articles
The US dollar's depreciation is supported by the depreciation of the US dollar, as investors look forward to the anticipated labour market data later this week, which are relied upon to determine the course of the US Federal Monetary Policy, amid renewed calls by US President Donald Trump to lower interest rates. The price of gold in instant transactions rose 0.5% to $3322.26 per ounce, while US futures for gold rose 0.8% to $3334.70. The dollar…
Some say that the price of gold depends on interest rates, others on the inflation rate, others on the strength of the dollar, and still others on geopolitics...
XAU/USD wobbles around $3,340, awaits US labor market data
Gold price consolidates around $3,340 ahead of the US employment data for June. Surprisingly upbeat US JOLTS Job Openings data has supported the US Dollar. Market sentiment remains cautious as Trump’s tariff deadline on July 9 approaches. Gold price (XAU/USD) trades in a tight range around $3,340 during the European trading session on Wednesday. The yellow metal struggles for direction as investors await the United States (US) Nonfarm Payrolls (…
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