{"id":118241,"date":"2025-08-29T13:35:50","date_gmt":"2025-08-29T09:35:50","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118241"},"modified":"2025-08-29T13:35:54","modified_gmt":"2025-08-29T09:35:54","slug":"gold-and-metals-rise-amid-growing-fed-rate-cut-bets-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-and-metals-rise-amid-growing-fed-rate-cut-bets-2\/08\/29\/market-updates\/","title":{"rendered":"Gold and Metals Rise Amid Growing Fed Rate Cut Bets"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Gold prices eased slightly on Friday but remained <strong>on track for strong gains in August<\/strong>, driven by growing expectations of a <strong>September rate cut by the Federal Reserve<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong>: $3,409.89\/oz (-0.2%)<\/li>\n\n\n\n<li><strong>Gold futures (October)<\/strong>: $3,469.92\/oz (-0.1%)<\/li>\n\n\n\n<li><strong>August performance<\/strong>: Up <strong>3.7%<\/strong>, approaching <strong>April record highs<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Drivers of gold strength:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dollar weakness<\/strong>: The greenback retreated in anticipation of <strong>U.S. PCE inflation data<\/strong>, boosting gold and other metals.<\/li>\n\n\n\n<li><strong>Fed expectations<\/strong>: CME FedWatch shows an <strong>82.9% chance of a 25-bps cut<\/strong> in September, supported by signs of a cooling U.S. labor market.<\/li>\n\n\n\n<li><strong>Inflation caution<\/strong>: Fed Chair Powell acknowledged labor market cooling but remained cautious about easing due to trade tariffs impacting inflation.<\/li>\n<\/ul>\n\n\n\n<p><strong>Other metals:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Platinum<\/strong>: +5% in August<\/li>\n\n\n\n<li><strong>Silver<\/strong>: +5.9% in August<\/li>\n\n\n\n<li><strong>Copper (LME)<\/strong>: $9,889.50\/ton (+0.6%)<\/li>\n\n\n\n<li><strong>Copper (COMEX)<\/strong>: $4.5730\/lb (+0.6%)<\/li>\n\n\n\n<li>Metals outperformed gold as investors sought <strong>discounted opportunities<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Upcoming focus:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>U.S. PCE price index<\/strong>: Core PCE expected to rise slightly, still above the <strong>Fed\u2019s 2% target<\/strong>.<\/li>\n\n\n\n<li><strong>Impact<\/strong>: Sticky inflation could <strong>delay or limit rate cuts<\/strong>, while August\u2019s data will reveal the effect of <strong>Trump\u2019s tariffs<\/strong> on prices.<\/li>\n<\/ul>\n\n\n\n<p>In short, <strong>gold and metals have benefited from a weaker dollar and rate cut expectations<\/strong>, but all eyes are on <strong>PCE inflation data<\/strong> to gauge whether the Fed will follow through with easing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices eased slightly on Friday but remained on track for strong gains in August, driven by growing expectations of a September rate cut by the Federal Reserve. Spot gold: $3,409.89\/oz (-0.2%) Gold futures (October): $3,469.92\/oz (-0.1%) August performance: Up 3.7%, approaching April record highs Drivers of gold strength: Dollar weakness: The greenback retreated in &hellip;<\/p>\n","protected":false},"author":9,"featured_media":116449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[],"class_list":["post-118241","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118241"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118241\/revisions"}],"predecessor-version":[{"id":118242,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118241\/revisions\/118242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/116449"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}