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Commodity News Details
Gold soars above $4230 as Fed hints at more rate cuts
15-Oct-2025 14:46
Gold prices surged past $4230 per ounce on Wednesday, hitting a fresh record as investors sought safety amid growing US-China trade tensions and soft US dollar amid expectations of further US monetary easing. Fed Chair Jerome Powell warned of a sharp slowdown in hiring, increasing the likelihood of two more rate cuts this year. Rising geopolitical risks, including President Trump's accusation of 'economically hostile' behavior by China and threats of a cooking oil embargo, also boosted bullion demand. Weakness in the US dollar index, which slipped below 99 for a second consecutive session, further supported gold and other dollar-denominated assets. MCX December gold futures gained Rs 1,345 or 1.5% to trade at Rs 127,601 per 10 grams, reflecting robust investor appetite for the safe-haven metal.

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