Gold prices were largely unchanged on Monday, consolidating near record highs as traders awaited the outcome of the Federal Reserve\u2019s policy meeting<\/strong> later this week.<\/p>\n\n\n\n At 12:00 GMT, spot gold<\/strong> traded flat at $3,643.30 per ounce<\/strong>, holding near last week\u2019s record high of $3,673.95<\/strong>, while U.S. gold futures<\/strong> slipped 0.2% to $3,680.70\/oz<\/strong>.<\/p>\n\n\n\n The metal has advanced nearly 40% year-to-date<\/strong>, supported by persistent safe-haven demand linked to U.S. trade policies and ongoing central bank purchases.<\/p>\n\n\n\n Investors remained cautious ahead of Wednesday\u2019s Fed announcement, with markets pricing in a 96% chance of a 25 basis-point cut<\/strong>, and a smaller probability of a larger reduction.<\/p>\n\n\n\n Recent revisions to official U.S. labor data reinforced signs of a cooling jobs market<\/strong>, overshadowing slightly stronger consumer price figures. The Fed is widely expected to prioritize signs of labor market weakness over sticky inflation risks.<\/p>\n\n\n\n Gold\u2019s appeal remains strong as lower interest rates reduce the opportunity cost<\/strong> of holding the non-yielding asset while typically weighing on the dollar.<\/p>\n\n\n\n However, latest CFTC data<\/strong> showed managed money net longs in COMEX gold futures fell by 2,445 lots<\/strong> in the week to Sept. 9, snapping a two-week run of increases, suggesting some profit-taking at elevated levels.<\/p>\n\n\n\n Other precious metals were muted: silver futures slipped 0.3% to $42.68\/oz<\/strong>, while platinum fell 0.5% to $1,405.40\/oz<\/strong>.<\/p>\n\n\n\n Copper prices edged higher despite weak Chinese macro data. Benchmark LME copper<\/strong> rose 0.1% to $10,079.60 per ton<\/strong>, while U.S. Comex copper futures<\/strong> gained 0.3% to $4.6650 per pound<\/strong>.<\/p>\n\n\n\n Chinese industrial output grew at the slowest pace in a year<\/strong> in August, while retail sales also disappointed. Rising Shanghai Futures Exchange inventories<\/strong>, with copper stocks climbing over 12,200 tons to 94,054 tons<\/strong>, highlighted subdued demand.<\/p>\n","protected":false},"excerpt":{"rendered":" Bullion Market Steadies Close to All-Time Peak Gold prices were largely unchanged on Monday, consolidating near record highs as traders awaited the outcome of the Federal Reserve\u2019s policy meeting later this week. At 12:00 GMT, spot gold traded flat at $3,643.30 per ounce, holding near last week\u2019s record high of $3,673.95, while U.S. gold futures …<\/p>\n","protected":false},"author":9,"featured_media":81892,"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":[38,6827,49,37,36],"tags":[],"class_list":["post-118795","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118795","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=118795"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118795\/revisions"}],"predecessor-version":[{"id":118796,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118795\/revisions\/118796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81892"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fed Rate Cut Expectations Dominate Market Sentiment<\/h2>\n\n\n\n
Base Metals Mixed; Copper Gains Despite China Slowdown<\/h2>\n\n\n\n