Gold Price Forecast: Gold price (XAU/USD) continued to rise and touched around $4,140 during early Asian trading on Wednesday. The yellow metal gained strength as traders increased their bets that the US Federal Reserve (Fed) could cut interest rates by the end of this year.
US Economy
US Senate Moves to Avert Federal Shutdown — Crucial Funding Bill Advances Toward Passage
WASHINGTON, Nov 9 (Reuters) – The U.S. Senate on Sunday moved forward on a measure aimed at reopening the federal government and ending a now 40-day shutdown that has sidelined federal workers, delayed food aid and snarled air travel.
Gold Prices Likely To Stay in Correction Mode Ahead of Key US, China Economic Data – Analysts Warn
Gold prices are expected to remain in a corrective phase in the coming week ahead of the crucial US inflation data, continuing uncertainties over trade tariffs and key economic numbers from China, analysts said.
Fed Cuts Interest Rates by 25 Basis Points — Powell Signals More Moves Ahead
The Federal Reserve has reduced its key interest rate by 25 basis points, marking the first rate cut of 2025. Markets react as Chair Jerome Powell hints at future policy adjustments to support economic growth.
Fed Rate Cuts, But the Message Is Mute: No Hints on What’s Next
The U.S. Fed (Federal Reserve) has cut interest rates as expected but avoided giving any clear guidance on future moves, leaving investors uncertain about the next policy steps.