Gold prices rise due to Fed rate cut hopes and geopolitical risks

From Investing.com: 2025-03-20 03:06:00

Gold prices continued to rise on Wednesday, driven by the possibility of Federal Reserve rate cuts and safe-haven buying amid trade tensions and geopolitical uncertainty. The Fed held interest rates steady but anticipates two cuts by year-end. Gold hit 16 record highs in 2025, with potential resistance at $3,090–$3,100. XAU/USD rose during Asian trading but could see a pause if US data disappoints. Meanwhile, the euro weakened against the USD despite the Fed’s dovish stance. EUR/USD remained range-bound with the eurozone inflation at 2.3% in February. AUD fell after a weak employment report but recovered slightly, with focus on RBA’s upcoming decisions.



Read more at Investing.com: Gold Rally Holds Strong Amid Fed Rate Cut Hopes and Geopolitical Risks