23 Sep 2025
Gold buying remains unabated; fresh record high and counting amid dovish Fed, geopolitical risks
Gold continues to draw support from the Fed’s dovish signal and rising geopolitical tensions.
The USD stalls its recovery from a multi-year low and further lends support to the commodity.
A positive risk tone does little to dent the bullish sentiment surrounding the precious metal.
Gold (XAU/USD) sticks to its strong intraday gains comfortably above the $3,700 mark, or a record high, through the first half of the European session on Monday and seems poised to appreciate further amid a supportive fundamental backdrop. The US Federal Reserve's (Fed) dovish signal, indicating that two more rate cuts would follow through the end of this year, keeps a lid on the recent US Dollar (USD) recovery from a multi-year low and acts as a tailwind for the non-yielding yellow metal.
