Institution: Gold prices remain stable at high levels, and the market remains on the sidelines before the Fed's interest rate decision

Gold prices fell slightly in early Asian trading due to profit-taking and a stronger dollar, but remained near record highs amid widespread market expectations of a Federal Reserve rate cut this week. Gold futures fell about 0.4% to $3,672 per ounce, while the dollar index remained flat around 97.55. Analysts at Peak Trading Research said: "The market has almost fully priced in the Fed's first rate cut since December 2024," and that "Powell's speech will be closely watched for the Fed's outlook on inflationary pressures, recent labor market weakness, and the impact of potential tariffs on monetary policy." Continued geopolitical uncertainty, strong central bank gold buying, and continued inflows into gold ETFs further supported gold prices. (Gold Ten)