03 Sep 2025
Gold hits fresh record high; bulls not ready to give up despite overbought conditions
Gold buying remains unabated during the Asian session amid a supportive fundamental backdrop.
Rising Fed rate cut bets, trade uncertainties, and geopolitical risks continue to benefit the bullion.
A modest USD uptick could cap gains amid extremely overbought conditions ahead of the US data.
Gold touches a fresh record high, around the $3,547 region, during the Asian session on Wednesday, though it struggles to build on the momentum as bulls seem reluctant amid extremely overbought conditions. Furthermore, some follow-through US Dollar uptick turns out to be another factor that acts as a headwind for the commodity.
