08 Sep 2025
Gold consolidates near record high as USD recovery and positive risk tone weigh
Gold is seen consolidating last week’s strong record-setting bullish run.
A modest USD uptick and a positive risk tone cap the upside for the commodity.
Fed rate cut bets could limit the USD gains and support the non-yielding metal.
Gold (XAU/USD) enters a bullish consolidation phase at the start of a new week and oscillates in a range just below the $3,600 mark, or the all-time peak touched on Friday. A modest US Dollar (USD) bounce from its lowest level since July 28 set on Friday, in reaction to the disappointing release of the US monthly jobs report, turns out to be a key factor acting as a headwind for the commodity. Apart from this, a generally positive tone around the equity markets contributes to capping the upside for the safe-haven precious metal.
