Sydney:12/24 22:26:56

Tokyo:12/24 22:26:56

Hong Kong:12/24 22:26:56

Singapore:12/24 22:26:56

Dubai:12/24 22:26:56

London:12/24 22:26:56

New York:12/24 22:26:56

News  >  News Details

The Fed's September rate cut is expected to limit the dollar's gains, and gold prices remain range-bound, waiting for a direction to be determined.

2025-08-15 13:58:58

Gold prices (XAU/USD) rebounded modestly during Friday's Asian trading session, recouping some of the previous day's losses, but bullish momentum remained limited. The dollar's gains, buoyed by strong US Producer Price Index (PPI) data, lacked sustainability, and investors widely expect the Federal Reserve to resume its interest rate cut cycle in September, supporting gold.

According to data released by the U.S. Bureau of Labor Statistics, the PPI rose 3.3% year-on-year in July, exceeding market expectations of 2.5% and significantly higher than June's 2.4%. Despite this, the CME FedWatch tool shows that the market still has a 90% probability of expecting the Federal Reserve to cut interest rates by 25 basis points in September, and expects a cumulative rate cut of 50 basis points by the end of the year.
Click on the image to open it in a new window
In addition, market sentiment was supported by multiple positive factors, including easing trade concerns between the US and Asia and the potential for a ceasefire in the Ukrainian conflict following the US-Russia summit. These factors boosted global risk appetite and limited further gains for gold as a safe-haven asset.

Analysts pointed out that against the backdrop of a rebound in risk appetite, the short-term trend of gold may depend on upcoming data such as US retail sales, the New York Fed manufacturing index and the University of Michigan Consumer Confidence Index. These indicators may affect the US dollar trend and indirectly influence gold prices.

Daily chart analysis shows that gold prices encountered significant resistance near the 100-hour moving average (about $3,355), and multiple rebounds failed to break through this position, indicating that short-term selling pressure is still obvious.

If the price breaks through this level, it could potentially test the $3,375 and $3,400 levels. However, a break below the $3,330 support level could trigger an accelerated decline, potentially targeting $3,300 or even lower. Technical indicators show weak daily volatility, and the short-term trend remains downward.
Click on the image to open it in a new window
Editor's opinion:

The current rebound in gold is more of a technical correction than a trend reversal. With the lack of sustained buying of the US dollar and expectations of a Fed rate cut stabilizing, gold prices may remain range-bound in the short term.

However, if market risk sentiment further heats up, gold's safe-haven properties may continue to weaken. We need to pay attention to the effectiveness of the $3,330 support. Once it is lost, the downside space will open up quickly.
Risk Warning and Disclaimer
The market involves risk, and trading may not be suitable for all investors. This article is for reference only and does not constitute personal investment advice, nor does it take into account certain users’ specific investment objectives, financial situation, or other needs. Any investment decisions made based on this information are at your own risk.

Broker Rankings

Under Regulation

ATFX

Regulated by the UK FCA | Full license plate MM | Global business coverage

Overall Rating 88.9
Under Regulation

FxPro

Regulated by the UK FCA | NDD is executed without trader intervention | More than 20 years of history

Overall Rating 88.8
Under Regulation

FXTM

The stock owner's currency pair has a zero spread | "3000 times leverage" | Trade US stocks at zero commission

Overall Rating 88.6
Under Regulation

AvaTrade

More than 18 years | Nine levels of supervision | An established European broker

Overall Rating 88.4
Under Regulation

EBC

The EBC Million Dollar Contest | Regulated by the UK FCA | Open an FCA clearing account

Overall Rating 88.2
Under Regulation

Jufeng Bullion

More than 10 years | License of the Gold and Silver Exchange | New customers receive a bonus

Overall Rating 88.0

Real-Time Popular Commodities

Instrument Current Price Change

XAU

3341.17

5.92

(0.18%)

XAG

37.974

-0.018

(-0.05%)

CONC

63.23

-0.73

(-1.14%)

OILC

66.14

-0.66

(-0.98%)

USD

97.908

-0.269

(-0.27%)

EURUSD

1.1682

0.0034

(0.29%)

GBPUSD

1.3548

0.0019

(0.14%)

USDCNH

7.1845

0.0034

(0.05%)

Hot News