{"id":83983,"date":"2025-09-25T02:52:09","date_gmt":"2025-09-25T02:52:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/83983\/"},"modified":"2025-09-25T02:52:09","modified_gmt":"2025-09-25T02:52:09","slug":"gold-holds-steady-as-investors-await-key-us-economic-data","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/83983\/","title":{"rendered":"Gold holds steady as investors await key US economic data"},"content":{"rendered":"<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">GOLD prices held steady on Thursday as investors awaited key US economic data for further insights into Federal Reserve policy, with a slightly weaker dollar lending some support to bullion.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Spot gold was steady at US$3,734.04 per ounce, as of 0202 GMT. US gold futures for December delivery were unchanged at US$3,765.20.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The US dollar index fell 0.1 per cent, making greenback-priced bullion less expensive for overseas buyers.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she \u201cfully supported\u201d the decision by the Fed to cut its policy rate last week and expects further reductions ahead.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">\u201cThe move may reflect expectations that the Fed intends to run the US economy hot as it rebalances its focus to the labour market,\u201d said Ilya Spivak, head of global macro at Tastylive.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">\u201cInitial support levels line up around US$3,700 and US$3,600. Breaking resistance at the latest high near US$3,790 might expose US$3,870 to US$3,875, followed by US$4,000.\u201d<\/p>\n<p>BT in your inbox<img loading=\"lazy\" decoding=\"async\" alt=\"Newsletter Img\" class=\"hidden h-auto max-w-full self-start min-[321px]:block\" width=\"75\" height=\"75\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/08\/generic_newsletter-CGny2zps.png\"\/><\/p>\n<p role=\"description\" class=\"mb-3 font-public-sans text-base font-light tracking-normal text-gray-850 md:text-lg\">Start and end each day with the latest news stories and analyses delivered straight to your inbox.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">On Tuesday, Fed Chair Jerome Powell emphasised the need to balance inflation risks and a weakening jobs market in upcoming policy decisions.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Investors are awaiting the personal consumption expenditures (PCE) price index report, the Fed\u2019s preferred inflation measure, on Friday for further interest rate cues.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The report is expected to show a month-on-month rise of 0.3 per cent for August and 2.7 per cent year-on-year increase, according to a Reuters poll.<\/p>\n<p class=\"mb-6 border-b border-gray-250 pb-4 font-poppins text-4xs font-medium tracking-widest text-gray-515\">SEE ALSO<\/p>\n<p><a class=\"block h-full w-full\" href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/energy-commodities\/gold-steady-near-record-high-markets-assess-powells-comment?ref=article-see-also\" data-discover=\"true\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"relative z-10 h-full w-full object-cover\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/09\/de7671ed314bf7f63c61901dfdf953c8d8318ccf5cf13d757accc14643a3f5ef\" alt=\"Bullion hit a record high of US$3,790.82 on Tuesday. \" width=\"4118\" height=\"2745\"\/><\/a><\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">\u201cI don\u2019t think the inflation data will significantly impact (gold) unless it\u2019s exceptionally high,\u201d GoldSilver Central MD Brian Lan said.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">\u201cIn our quantitative view of the market, the longer term is still very much bullish.\u201d<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Weekly US jobless claims data, due later on Thursday, may provide insights into labour market conditions.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Markets broadly expect two more 25-basis-point Fed rate cuts this year, in October and December.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Safe-haven bullion, which tends to thrive in a low interest rate environment, hit a record high of US$3,790.82 on Tuesday.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Spot silver was down 0.2 per cent at US$43.83 per ounce, platinum fell 0.1 per cent to US$1,470.66 and palladium rose 0.1 per cent to US$1,210.96. REUTERS<\/p>\n","protected":false},"excerpt":{"rendered":"GOLD prices held steady on Thursday as investors awaited key US economic data for further insights into Federal&hellip;\n","protected":false},"author":2,"featured_media":83984,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-83983","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/83983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=83983"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/83983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/83984"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=83983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=83983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=83983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}