Today XAUUSD trades up on US Fed rate cut hopes

Federal Reserve Divided as Officials Signal Two More Interest Rate Cuts by End of 2025

XAUUSD (Gold) price today: Gold rates rose in the domestic futures market on Friday (August 29) morning, supported by expectations of a 25 bps Fed rate cut in September. However, the dollar’s rise against its peers capped the gains for the yellow metal. MCX Gold October 3 contracts were 0.10 per cent up at ₹1,02,120 per 10 grams around 9:40 AM. MCX Silver September 5 contracts, however, were down 0.10 per cent at ₹1,16,950 per kg at that time.

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