24 Sep 2025
Gold struggles to capitalize on intraday move up amid a modest USD strength
Gold attracts dip-buyers on Wednesday and stalls the overnight pullback from the all-time peak.
Fed rate cut bets and geopolitical uncertainty continue to act as a tailwind for the precious metal.
A modest USD uptick might cap gains for the XAU/USD pair amid extremely overbought conditions.
Gold (XAU/USD) retreats slightly from the daily peak touched during the first half of the European session, though it sticks to the positive bias for the fourth straight day on Wednesday. The US Dollar (USD) gains some positive traction following a two-day fall in the wake of Federal Reserve (Fed) Chair Jerome Powell's cautious remarks on potential interest rate cuts. This turns out to be a key factor acting as a headwind for the commodity.
