Gold Tops $3,700 as Traders Gear Up for Fed Meeting
Barronsยท2025-09-15 15:29
Group 1 - Gold prices reached a record high of $3,704.10 per troy ounce as investors anticipate a potential interest rate cut by the Federal Reserve [1][2] - The market expects a quarter-point rate cut this week, with the possibility of two additional cuts before the end of the year, driven by recent labor market weakness [2] - Gold futures are currently trading at $3,703.10 an ounce, reflecting a 40.2% increase this year, while the U.S. dollar index has decreased by 0.2% to 97.39 [2]