loader2
Login Open ICICI 3-in-1 Account
Text Size
Text to Speech
Color Contrast
Pause Animations

GOLD MARCHES TOWARDS $3800; EYES ON FED SPEECH AND PCE

Published on Sep 25, 2025 14:40

Gold prices hovered close to $3800 an ounce in mid-Asia trade on Thursday, consolidating after setting a record high of $3824 earlier in the week. The yellow metal came under pressure from a stronger US dollar and profit taking, with the dollar index steady near 97.5 as traders awaited key US labor and inflation data. Weekly jobless claims and Friday�s PCE price index are likely to shape expectations for the Federal Reserve�s next move, while fears of a possible government shutdown added to the uncertainty. On the MCX, December bullion futures traded 0.4% higher at ₹114207 per 10 grams, reflecting firm domestic sentiment. Market focus now shifts to Fed officials� speeches later today and the PCE inflation report tomorrow, both critical for gauging the near-term path of US monetary policy.

Powered by Capital Market - Live News