Gold prices climbed to new records in Asian trading on Tuesday, supported by safe-haven demand as cautious comments from Federal Reserve officials tempered expectations for aggressive interest rate cuts.<\/p>\n\n\n\n
Spot gold surged to an all-time high of $3,759.18\/oz<\/strong>, while gold futures touched $3,794.82\/oz<\/strong>. Risk aversion set in across Asian markets, with Chinese equities retreating sharply after a strong rally, prompting investors to rotate into bullion.<\/p>\n\n\n\n Uncertainty was also stirred by U.S. President Donald Trump\u2019s controversial remarks on vaccines, autism, and pharmaceuticals, which rattled drugmakers, alongside his announcement of steep fees for a popular U.S. work visa. These developments reinforced gold\u2019s role as a hedge against political and policy instability.<\/p>\n\n\n\n Recent remarks from Fed policymakers injected caution into markets. Atlanta Fed President Raphael Bostic<\/strong> said he did not support an October rate cut given sticky inflation pressures, while Cleveland Fed President Beth Hammack<\/strong> voiced similar concerns. Both are non-voting members.<\/p>\n\n\n\n Conversely, new Fed Governor Stephen Miran<\/strong> reiterated his calls for deeper easing, aligning with Trump\u2019s push for more aggressive cuts. Miran dissented at last week\u2019s Fed meeting, preferring a 50 bps cut<\/strong> over the 25 bps<\/strong> reduction enacted.<\/p>\n\n\n\n Markets now await Fed Chair Jerome Powell\u2019s address at 12:35 ET<\/strong>, where his tone will be key to shaping expectations on how fast easing may continue into 2025.<\/p>\n\n\n\n While gold led gains, other precious metals were steadier. Platinum<\/strong> rose 0.3% to $1,421.05\/oz<\/strong>, while silver<\/strong> edged 0.2% higher to $44.31\/oz<\/strong>. In contrast, industrial metals lagged, with LME copper<\/strong> slipping 0.3% to $9,975.05\/ton<\/strong> and COMEX copper<\/strong> down 0.5% to $4.6275\/lb<\/strong>.<\/p>\n\n\n\n Attention now shifts to a string of key U.S. economic indicators this week. The September PMI data<\/strong> is due later Tuesday, with expectations for slightly weaker growth in both manufacturing and services. The PCE price index<\/strong>, the Fed\u2019s preferred inflation gauge, will be released Friday and is projected to show inflation remaining above the Fed\u2019s 2% target.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices climbed to new records in Asian trading on Tuesday, supported by safe-haven demand as cautious comments from Federal Reserve officials tempered expectations for aggressive interest rate cuts. Haven Flows Drive Gold Higher Spot gold surged to an all-time high of $3,759.18\/oz, while gold futures touched $3,794.82\/oz. Risk aversion set in across Asian markets, …<\/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":[38,6827,49,36],"tags":[6874],"class_list":["post-119147","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119147","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=119147"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119147\/revisions"}],"predecessor-version":[{"id":119148,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119147\/revisions\/119148"}],"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=119147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fed Commentary in Focus<\/h4>\n\n\n\n
Other Metals Mixed<\/h4>\n\n\n\n
U.S. Data in the Spotlight<\/h4>\n\n\n\n