22 Aug 2025
Gold tops $3,350 as Powell puts September rate cut on the table
XAU/USD climbs 0.40%, trades above $3,350 after Powell speech.
Powell: “Downside risks to the labor market are rising,” opening door to a September rate cut.
Fed Chair Powell, said that inflation risks remain tilted to the upside, employment risks to the downside.
Gold price rises as the Fed Chair Jerome Powell opens the door for a September rate cut as he said that “downside risks to the labor market are rising.” At the time of writing, the XAU/USD trades volatility, surpassing the $3,350 initial resistance, up by 0.40%.
