Activity in gold markets: Prices rise ahead of critical interest rate decision

The fluctuations seen in gold markets in recent days continued with a rise in the middle of the week. The price of an ounce of gold climbed to 3,982 dollars, ending the downward trend that had been ongoing for some time. Experts point out that the interest rate cut decision by the US Federal Reserve (Fed), which will be announced during the day, will determine the course of the markets.

Investors have focused on the assessments that Fed Chair Jerome Powell will make today and the roadmap he will present regarding the future of monetary policy. The expectation that the interest rate cut will continue in December has a significant impact on the markets.

US AND CHINA RELATIONS AFFECT PRICES

On the other hand, trade talks being conducted between the US and China are also affecting the course of gold prices. US President Donald Trump and Chinese President Xi Jinping are expected to reach an agreement that would prevent an increase in customs duties and include the easing of restrictions on China's rare earth element exports. Experts state that such an agreement could contribute to stabilization in the markets by reducing global trade uncertainties.

Gold is on track to post monthly gains for the third consecutive time. Alongside geopolitical and economic risks, strong purchases by central banks and the depreciation observed in various currencies have played a role in the precious metal gaining nearly 50 percent in value this year. Officials are warning investors to be cautious in their transactions.

It is stated that as of October 29, 2025, current prices for gram, quarter, and Republic gold have been reshaped since the morning hours. Developments during the day are expected to be decisive for the direction of gold markets.

News Source: 12punto