Gold Price Today 20 August 2025, 08:55 PM: Gold (XAU/USD) bounced back strongly on Wednesday, trading near \$3,340 during the US session. Earlier in Asian trade, it had dipped to a 3-week low of \$3,311.
The recovery came as the US Dollar pulled back from its recent highs. Traders worldwide are now waiting for the release of the Federal Reserve’s July meeting minutes, which might give hints on the direction of US interest rates.
👉 For live gold rates in India, you can check MCX Gold Price (official site).
Comex Gold Price Today outlook:
Comex Gold settled lower in the previous session, declining by over 0.5% as the strength in the dollar index weighed on sentiment. Profit booking emerged in the domestic market near record highs, reducing the appeal of precious metals. Market participants are now awaiting cues from the Federal Reserve’s Jackson Hole symposium, while the release of the latest FOMC meeting minutes later in the day is expected to offer further policy direction
🌍 What’s Driving Gold Prices? (20 August 2025)
1. Dollar Weakness
When the US Dollar falls, gold usually gains strength. That’s exactly what happened today – as the Dollar cooled off, gold found support.
2. Trump’s Pressure on the Fed
Former US President Donald Trump has openly called for Federal Reserve Governor Lisa Cook’s resignation. This has added spice to the market as it highlights growing political pressure on the Fed.
3. Geopolitical Factors
There’s a buzz about a possible trilateral summit between Trump, Russian President Vladimir Putin, and Ukrainian President Zelenskyy. Although nothing is confirmed yet, just the talks of diplomacy have lifted global risk sentiment.
Still, let’s be honest – geopolitics is unpredictable. Even a single negative headline can again push investors towards gold as a safe haven.
📉 Fed Minutes: Why Traders Are Watching Closely
The FOMC July meeting was historic – for the first time since 1993, there were two dissenting votes. Governors Christopher Waller and Michelle Bowman wanted a rate cut, while the rest voted to keep rates unchanged.
Now, the meeting minutes could reveal how divided the Fed really is. If there are strong hints of a rate cut coming soon, gold prices in India and globally may shoot up further.
👉 For official Fed updates, check Federal Reserve Website.
📊 Technical View on Gold (XAU/USD)
- Support: \$3,311 (recent low)
- Resistance: \$3,330 – \$3,350
- Trend: Sideways to bullish (as long as Dollar remains weak)
For Indian investors, the INR vs USD movement will also play a big role in local gold prices.
🇮🇳 What It Means for Indian Investors
- Gold jewellery buyers: If you are planning for a wedding purchase (shaadi season is always gold-heavy in India 💍), slight dips can be a good entry point.
- Traders on MCX: Watch out for volatility after Fed minutes. Intraday moves can be sharp.
- Long-term investors: With global uncertainty, gold remains a safe bet for portfolio diversification.
❓ Frequently Asked Questions (FAQ)
1. Why did gold prices rise today?
Gold rebounded because the US Dollar weakened, and traders are cautious ahead of the Fed meeting minutes.
2. How does Trump’s statement affect gold?
Trump’s demand for Fed Governor Cook’s resignation adds political pressure on the central bank. This increases uncertainty, which often benefits gold.
3. Will gold go up in India?
Yes, if the Fed signals rate cuts or the Dollar weakens further, gold in India will likely rise. But keep in mind, the rupee-dollar exchange rate also affects domestic prices.
4. Should I buy gold now in India?
If you are buying for long-term investment or jewellery, current levels are decent. But traders should wait for Fed minutes before taking fresh positions.
5. Where can I check live gold rates?
You can check live rates at:
MCX India
IBJA Gold Rates
✅ Final Word: Gold is holding firm as the Dollar weakens, but all eyes are now on the Fed’s next move. For Indians, whether you’re a trader or planning for jewellery shopping, keeping track of international news is as important as checking local rates.