Gold Fever: Gold held near record highs ahead of the Fed policy outcome, with traders eyeing a widely expected 25 bps rate cut. Analysts suggest buying on dips, with support at Rs 1,09,800 on MCX, and see potential for fresh highs if Powell signals further easing.
- Will Bullish Bets Survive the Fed Rate Cut Wave? – Complete Guide to September 2025 Fed Rate Decision
- STL Networks: Small-cap Below ₹25 Locks 5% Upper Circuit on ₹360 Cr PowerGrid Data Center Deal
- Gold Trading Call: MCX Gold Investment Strategy Sept 2025
- All Eyes on Powell: Fed Rate Cut Drama Unfolds This Week
- Red Alert: Be Careful in Gold and Silver in The Few Days. Just Waiting for the Big Reversal (2025)
October Gold Futures
Gold prices traded firm on Tuesday, holding close to record highs as investors awaited the outcome of the U.S. Federal Reserve’s policy meeting scheduled for Wednesday night (India time). On the Multi Commodity Exchange (MCX), October gold futures were seen at Rs 1,10,260 per 10 grams, up Rs 81 or 0.07%, after hitting a fresh lifetime high of Rs 1,10,330 on Monday.
Market attention is firmly on the FOMC meeting outcome, where the Fed is widely expected to cut interest rates by 25 basis points after a long pause. Traders are watching closely for commentary from Fed Chair Jerome Powell on the future trajectory of rate cuts.
A dovish stance could propel gold to fresh record highs, while a neutral or hawkish tone may trigger profit-booking at elevated levels.
Neal Bhai, Analyst – US Yields also slumped in yesterday’s session, hovering around 4%. Market participants are awaiting Governor Powell’s decision and remarks in this week’s policy meeting, and a 25 bps rate cut is expected after a long pause.”
Rahul Kalantri, VP Commodities at Mehta Equities, added that, “Gold extended gains as the dollar index weakened and expectations grew for aggressive Fed rate cuts following weak U.S. data. Gold surged past $3,700 per ounce, setting another record high.”
Trading strategies for gold ahead of Fed outcome
According to Manoj Kumar Jain of Prithvifinmart Commodity Research, gold is likely to remain volatile ahead of the policy event, with immediate support at $3,700–3,674 per troy ounce and resistance at $3,740–3,764.
On the MCX, support is placed at Rs 1,09,850–1,09,500, while resistance is seen at Rs 1,10,580–1,11,000. He advises, “buying gold around Rs 1,09,800 with a stop loss of Rs 1,09,380 for a target of Rs 1,10,650.”
buy-on-dips approach, “Technically, gold remains positive as long as it sustains above $3,575 on Comex and Rs 1,07,500 on MCX. A fall below these levels may signal a reversal pattern. Traders should look to buy on dips heading into the policy event.”
Gold Fever: Outlook for MCX Gold
Analysts expect gold to test fresh highs if the Fed signals a more accommodative stance for the rest of the year.
“Gold is currently near record levels, and the next FOMC decision is going to be key. While a 25 bps cut base case is likely priced in, if the Federal Reserve signals that their position is dovish and that’s considering more cuts in the future, gold could test new highs.”
She added that the “long-run remains bullish on gold due to structural U.S. debt, reserve diversification, and geopolitical issues, which will continue to support gold’s multi-year uptrend.”
In conclusion, traders are expected to maintain a cautious but positive bias, with gold prices potentially targeting the $3,810 per ounce mark if Powell’s guidance points to continued monetary easing.
Disclaimer
Hello and thank you for visiting GoldSilverReports.com.
Please note that all the information shared on this website is for informational and educational purposes only. We try our best to provide accurate, up-to-date, and useful content, but we cannot guarantee that everything is 100% correct or complete at all times.