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2025-07-30 17:59:55
[Gold Poised for a Rally: Dollar Whispers and Market Myths Ahead of the Fed Decision?] ⑴ On July 30, 2025, Beijing time, spot gold prices rose slightly by 0.2% to $3,331.03 per ounce, while US gold futures also edged up 0.1% to $3,328.30. ⑵ This was driven by a slight pullback in the US dollar index, which fell 0.1% after hitting a more than one-month high on Tuesday, making gold more attractive to investors holding other currencies. ⑶ StoneX analyst Rhona O'Connell noted that geopolitically, while trade negotiations appear to have made some progress amid Trump's tariff rhetoric, the market still lacks a clear direction. ⑷ The market currently widely expects the Federal Reserve to keep interest rates unchanged at its meeting on Wednesday, and investors are closely watching the Fed Chairman's speech for further clues about the future path of interest rates. ⑸ O'Connell believes that market pricing in two rate cuts before the end of the year may be overly optimistic, and that the Fed is unlikely to succumb to political pressure, making it crucial to monitor whether the vote will be unanimous.
