NextFin news, Gold prices held steady below the $3,750 mark on Thursday, September 25, 2025, as investors awaited key US economic data that could influence the Federal Reserve's monetary policy decisions.
Spot gold was unchanged at $3,734.04 per ounce as of 0202 GMT, while US gold futures for December delivery remained steady at $3,765.20. The US dollar index fell by 0.1%, making gold less expensive for overseas buyers and providing some support to bullion prices.
Market participants are closely watching the upcoming release of the personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, scheduled for Friday. According to a Reuters poll, the PCE is expected to show a 0.3% month-on-month increase for August and a 2.7% rise year-on-year.
San Francisco Federal Reserve Bank President Mary Daly expressed her full support for the Fed's recent policy rate cut and indicated expectations for further reductions ahead. Daly suggested that the Fed might aim to keep the US economy running hot to rebalance its focus towards the labor market.
Fed Chair Jerome Powell, in remarks earlier this week, emphasized the need to balance inflation risks with a weakening jobs market in upcoming policy decisions. Investors are also awaiting weekly US jobless claims data, due later on Thursday, for additional insights into labor market conditions.
Market consensus anticipates two more 25-basis-point rate cuts by the Fed this year, likely in October and December. Gold, often seen as a safe-haven asset that benefits from lower interest rates, recently hit a record high of $3,790.82 on Tuesday.
Other precious metals showed mixed movements on Thursday, with spot silver down 0.2% at $43.83 per ounce, platinum falling 0.1% to $1,470.66, and palladium rising 0.1% to $1,210.96.
Industry experts, including Brian Lan, Managing Director of GoldSilver Central, noted that unless inflation data is exceptionally high, it may not significantly impact gold prices. The longer-term outlook for gold remains bullish according to quantitative market views.
These developments come amid ongoing market anticipation of US economic indicators that will shape the Federal Reserve's approach to interest rates and inflation management in the coming months.
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