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2025-09-15 15:21:12
[Some traders chose to take profits, limiting gold prices as the market awaits the Federal Reserve's interest rate decision] 1. Gold prices fluctuated slightly lower on Monday as investors closely watched the Federal Reserve's upcoming interest rate decision this week. While the market generally expects a rate cut, profit-taking and a stronger dollar are limiting gold's upside. Spot gold is currently trading around $3,634 per ounce, down approximately 0.25%. Last week, gold prices rose approximately 1.6%, reaching a record high of $3,674.36 on Tuesday. 2. Tim Waterer, Chief Market Analyst at KCM Trade, noted that some traders opting for profit, coupled with the relatively strong dollar, are limiting gold's short-term performance. He stated, "Gold's bullish trend remains intact, but a moderate consolidation or pullback will help prices more confidently challenge higher targets in the future." 3. Despite Thursday's slightly better-than-expected US inflation data, the market still widely expects the Federal Reserve to announce a 25 basis point interest rate cut on Wednesday. 4. Waterer added: "The main risk facing gold prices this week is that the Federal Reserve may not clearly convey the path of subsequent interest rate cuts." Goldman Sachs also reminded in its latest report that although it maintains its judgment that gold prices will rise to $4,000 per ounce in mid-2026, speculative long positions are already at a high level and we need to be vigilant against the risk of a short-term correction. 5. Data from the U.S. Commodity Futures Trading Commission (CFTC) showed that as of the week of September 9, speculators' net long positions in gold decreased by 2,445 contracts to 166,417 contracts.
