Gold Rises Above $3,700 for First Time on Fed Rate Cut Optimism
Yahoo Finance·2025-09-16 22:45
Gold hit a fresh record as investors bet on a US Federal Reserve rate cut this week and weighed the scope for more monetary easing in the coming months. Bullion rose above $3,700 an ounce for the first time, supported by a gauge of the US dollar falling to the lowest in more than 10 weeks. While a rate cut this week is priced in by markets, the Fed will also release its quarterly update of economic and rate forecasts, dubbed the dot plot, and Chair Jerome Powell will hold his post-decision news conferenc ...