{"id":30274,"date":"2025-09-05T08:45:08","date_gmt":"2025-09-05T08:45:08","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=30274"},"modified":"2025-09-05T08:45:08","modified_gmt":"2025-09-05T08:45:08","slug":"gold-rides-the-high-as-fed-cut-bets-soar","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/gold-rides-the-high-as-fed-cut-bets-soar\/","title":{"rendered":"Gold Rides the High as Fed Cut Bets Soar"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/download-141-1-1024x559.png\" alt=\"\" class=\"wp-image-19737\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold holds at $3,547.41<\/strong>, up 2.9% for the week, nearing record high of $3,578.50<\/li>\n\n\n\n<li><strong>Fed <\/strong><strong>rate<\/strong><strong> cut bets rise<\/strong> after soft U.S. ADP and jobless claims figures<\/li>\n\n\n\n<li><strong>U.S. NFP data due Friday<\/strong> expected to show modest 75K job gain<\/li>\n\n\n\n<li><strong>Traders eye Fed\u2019s Sep 17\u201318 meeting<\/strong> for 25bps rate cut decision<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Gold prices remained steady on Friday, but the broader momentum for the week was firmly bullish. <strong>Spot gold<\/strong> hovered near $3,547 while <strong>December futures<\/strong> traded around $3,608.90, supported by dovish shifts in Fed policy expectations and weakening U.S. economic indicators.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold&#39;s rise in central bank reserves appears unstoppable <a href=\"https:\/\/t.co\/1RUOWRJDuG\">https:\/\/t.co\/1RUOWRJDuG<\/a> <a href=\"https:\/\/t.co\/1RUOWRJDuG\">https:\/\/t.co\/1RUOWRJDuG<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1963883574722994381?ref_src=twsrc%5Etfw\">September 5, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Markets received a double-dose of soft data this week: <strong><a href=\"https:\/\/t.co\/IeNZWM8RdT\" target=\"_blank\" rel=\"noopener\" title=\"\">U.S. jobless claims<\/a><\/strong> exceeded expectations and the <strong>ADP private payrolls<\/strong> print missed forecasts, reinforcing the narrative of a cooling labour market.<\/p>\n\n\n\n<p>All eyes now turn to Friday\u2019s <strong>non-farm payrolls (NFP)<\/strong> report, which is expected to show just 75,000 new jobs\u2014potentially clearing the path for the Fed\u2019s first rate cut of the year.<\/p>\n\n\n\n<p>The macro backdrop remains fertile for gold bulls. Fed officials this week hinted that <strong><a href=\"https:\/\/t.co\/oFQZUXY7xr\" target=\"_blank\" rel=\"noopener\" title=\"\">labour weakness is sufficient grounds for policy easing<\/a><\/strong>, and traders are now pricing in a <strong>25bps rate cut<\/strong> at the upcoming <strong>September 17\u201318<\/strong> meeting.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Gold (XAU\/USD) is trading at <strong>$3,547.41<\/strong>, up +0.05%, extending its bullish breakout. After months of consolidation between $3,300 and $3,400, price has surged above resistance, confirming a strong upside breakout.<\/p>\n\n\n\n<p>The moving averages (5, 10, 30) are in a bullish alignment, with the shorter-term lines accelerating away from the longer-term trend: a sign of strong upward momentum.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/image-7-1024x449.jpg\" alt=\"\" class=\"wp-image-30275\" \/><figcaption class=\"wp-element-caption\">#image_title<\/figcaption><\/figure>\n\n\n\n<p>The MACD histogram has turned decisively positive, with widening divergence between the MACD and signal lines, further supporting bullish momentum. Key resistance now sits at <strong>$3,600<\/strong>, while immediate support rests at the breakout zone of <strong>$3,400<\/strong>.<\/p>\n\n\n\n<p>From a broader perspective, gold is benefitting from renewed safe-haven demand as traders react to weaker US economic data and a softer dollar.<\/p>\n\n\n\n<p>If momentum continues, gold could retest $3,600 in the near term, but traders should also watch for a potential pullback to $3,400 to confirm this new support level.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>If the NFP surprises to the downside, gold could reclaim fresh highs above $3,600, extending the bullish rally. <\/p>\n\n\n\n<p>However, any hawkish surprise or upside beat in jobs data may trigger profit-taking near record territory. Traders should <a href=\"https:\/\/t.co\/o1tvq6gEn0\" target=\"_blank\" rel=\"noopener\" title=\"\">monitor Fed commentary<\/a> post-NFP for cues ahead of the September FOMC.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold is eyeing its strongest weekly gain in three months, bolstered by soft U.S. jobs data and expectations for a Fed rate cut later this month. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":19737,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-30274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/30274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=30274"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/30274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/19737"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=30274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=30274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=30274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}