It seems like there is no stopping gold’s current rally. Gold prices on COMEX breached the $4,200-per-ounce mark on Wednesday for the first time on rising expectations of further interest rate cuts by the US Federal Reserve. Analysts have repeatedly pointed out the overbought conditions in gold. However, the bulls have shrugged off any such notion as prices continue to hit record highs almost every trading day. At the time of writing, the December gold contract on COMEX was at $4,228.60 per ounce, up 1.6% from the previous close. The contract had hit a record high of $4,235.69 per ounce earlier in the session. “With monetary tailwinds still blowing strongly, further gains are expected in the...
Wednesday 15 October 2025
wn.com - 12 hours ago
Fed’s dovish stance fuels gold surge as experts eye further gains
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