Post #15184

Gold Reclaims $4,000 Ahead of Fed Decision Gold slipped through the $4,000 support zone earlier this week but has since climbed back into the level ahead of the Fed meeting. The metal’s rebound comes as traders await the Federal Reserve’s rate decision, where a 25bps cut is fully priced in. Attention now shifts to Jerome Powell’s comments for any clues on further easing in December. Rate cuts generally support non-yielding assets like gold, especially against a backdrop of central bank accumulation and ongoing geopolitical risks. Meanwhile, progress in U.S.–China trade talks could slightly reduce safe-haven demand, though gold’s longer-term appeal remains attractive. A hawkish Powell could send gold back below $4,000, triggering follow-through selling toward $3,950 or lower. But if the Fed signals a more dovish path, gold could attract fresh inflows and retest recent highs near $4,100–$4,150 as traders pile back into safe-haven trades.