30 Aug 2025
Gold rallies to 2-month high amid weaker US Dollar and Fed uncertainty
Gold reverses losses on Friday, climbing to a 2-month high near $3,450.
Despite a firmer US Dollar, bullion found renewed demand as traders maintained bets on Fed easing.
US Core PCE rose 0.3% MoM and 2.9% YoY in July, while headline PCE gained 0.2% MoM and held steady at 2.6% YoY.
Gold (XAU/USD) reverses course on Friday, erasing intraday losses and climbing back to fresh highs. The precious metal is now trading near $3,447, its strongest level since June 16, after the US Personal Consumption Expenditures (PCE) inflation report came broadly in line with expectations. A softer tone in the US Dollar (USD) helped underpin bullion, with traders maintaining bets on monetary policy easing in September.
