Gold Near Record Levels Amid Expectations of Fed Policy Shift
Singapore: Gold prices edged higher today, buoyed by market expectations that the United States may proceed with another interest rate cut at its next monetary policy meeting.
Spot gold rose by around 0.1 percent to $4,304.92 per ounce, while US gold futures increased to $4,333.20 per ounce. Gold has recorded gains exceeding 64 percent since the beginning of the year, achieving multiple record highs and ranking among the best-performing assets in 2025.
Among other precious metals, spot silver declined by 0.5 percent to $63.60 per ounce, while spot platinum rose by 0.8 percent to $1,797 per ounce. Palladium slipped by 0.3 percent to $1,561.94 per ounce.
The rise in gold prices comes amid heightened market focus on US monetary policy. The US Federal Reserve cut interest rates by 25 basis points last week in a divided decision, while signaling the possibility of pausing further easing due to persistent inflationary pressures and ongoing uncertainty in the labor market.
Investors are currently pricing in the likelihood of another rate cut at the Federal Reserve’s upcoming policy meeting, supporting demand for gold as a hedge against economic uncertainty.
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