Wed 18/June/2025 – 09:58 AM
Gold futures prices rose slightly, with the US Federal Reserve’s monetary policy decision awaiting in later today, amid expectations to install interest rates on a large scale.
During today’s trading, the prices of futures for the yellow metal, the delivery of August, increased by 0.15% or $ 4.50 at 3411.40 dollars an ounce.
The immediate delivery price of gold rose almost the same percentage or $ 4.32 at 3392.43 dollars an ounce, at 08:27 am Mecca time.
The dollar index – which measures the performance of the US currency against a basket of six main currencies – decreased by 0.15% at 98.67 points.
Futures for silver increased the delivery of July 0.6% at 37.37 dollars an ounce, and the immediate prices of platinum increased by about 0.55% at 1271.18 dollars, and its counterpart to albadium by 0.35% at 1055.72 dollars.
US federal decision expectations
Goldman Sachs said in a note: We keep our expectations that strong demand from central banks, in addition to the expected increase in the holdings of the traded boxes as a result of reducing interest from the federal reserve side, will raise the price of gold to $ 3700 an ounce by the end of 2025, and 4000 dollars by mid 2026, “according to” Reuters “.
