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16.09.202501:32:35UTC+00Gold Steady Near Record High

Gold prices remained near an all-time high, reaching approximately $3,670 per ounce on Tuesday. This occurs just as the US Federal Reserve commences its two-day policy meeting. The financial markets are almost unanimously anticipating a 25 basis point reduction in interest rates on Wednesday, marking the first rate cut since December. There is growing speculation that this easing trend could continue into the following year. Market participants will be keenly observing the Fed’s quarterly Summary of Economic Projections, specifically the dot plot, as well as Chairman Jerome Powell’s press conference for any indications on future policy directions. The Federal Reserve's meeting takes place amidst several challenges, such as ongoing leadership disputes and efforts by US President Donald Trump to influence monetary policy. Additionally, forthcoming reports on retail sales and industrial production, scheduled for release later today, will be analyzed closely for further understanding of the economy's health.

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