25 Aug 2025
Gold declines on renewed US Dollar demand, Powell’s dovish signal might cap its downside
Gold price edges lower in Monday’s early European session.
Fed rate cut hopes and rising Russia-Ukraine tensions could lift the Gold price. Traders brace for the preliminary reading of the US Q2 GDP report later on Thursday.
The Gold price (XAU/USD) drifts lower to around $3,350 during the early European session on Monday, pressured by a stronger US Dollar (USD). Nonetheless, rising optimism of a September rate cut following comments by Federal Reserve (Fed) Chair Jerome Powell at the Jackson Hole symposium might cap the downside for the yellow metal.
