16 Sep 2025
Gold flirts with record high as momentum builds, Fed interest rate decision looms
Gold trades just shy of record highs on Monday, edging higher after last week’s all-time peak near $3,675.
The Fed’s monetary policy decision on Wednesday dominates market sentiment, with a 25 bps cut seen as certain.
XAU/USD continues to trade sideways with the 21-SMA providing short-term support.
Gold (XAU/USD) kicks off the week on a positive footing, breaking out of last week’s sideways momentum after peaking at an all-time high near $3,675 on Tuesday. The move reflects renewed buying interest as traders position cautiously ahead of a pivotal week packed with central bank monetary policy decisions.
At the time of writing, XAU/USD is trading around $3,660, up nearly 0.45% on the day, inching closer to its record high and recovering strongly from intraday lows near $3,626.
