16 Sep 2025
Gold soars to $3,682 record as Fed week sparks easing bets
XAU/USD climbs to fresh record high on Monday above $3,680.
Markets price in 25 bps for September Fed cut as minority see 50 bps.
On Tuesday, US Retail Sales may set tone ahead of Fed decision.
Gold prices on Monday rallied past the previous record high of $3,674, hitting $3,682 and poised to challenge the $3,700 level in the near term. Traders are setting up for the Federal Open Market Committee's (FOMC)monetary policy meeting on September 16-17. Expectations for a rate cut are high, therefore, US Treasury yields tumbled on Monday. At the time of writing, XAU/USD trades at $3,681, up by over 1%.
