Gold rises ahead of Fed rate decision

09/12/2025 Argaam
Gold futures slipped ahead of the two-day Federal Reserve meeting

Gold futures slipped ahead of the two-day Federal Reserve meeting

Gold prices rose on Tuesday, supported by investor optimism that the Federal Reserve could cut interest rates at its two-day meeting ending Wednesday.

 

February gold futures gained 0.44%, or $18.2, to $2,236.2 an ounce.

 

Investors are widely expecting the Fed to deliver a third 25-basis-point rate cut in 2025.

 

“The move in gold right now is attributed to the big spike in silver and the high expectations for another quarter-point cut,” RJO Futures senior market strategist Bob Haberkorn told Reuters.

 

Official data showed US job openings remained unchanged at 7.7 million in October, above forecasts of 7.15 million, highlighting resilience in the labor market.

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