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Gold retreats below $3680 as Fed rate cut looms
15-Sep-25   15:17 Hrs IST
Gold futures slipped below $3680 per ounce in Asia on Monday as investors positioned themselves ahead of the highly anticipated US Federal Reserve policy decision later this week. Markets are pricing in a 25 basis point rate cut amid signs of a weakening US labor market, though a softer US dollar limited gold's decline, with the dollar index falling toward 97. Alongside the Fed, central banks in Canada and China are also expected to ease rates, while Japan and the UK are likely to keep policy steady. Attention remains on US retail sales and industrial production data, which could provide further clues on economic health and the Fed's potential policy path. On the domestic front, MCX October gold futures dropped by 0.4%, trading at Rs 108963 per 10 grams.

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