Gold Price Fails to Rally, Refuses to Collapse -- Market Tal

0233 GMT - Lower bond yields and a weaker U.S. dollar in recent weeks have failed to ignite further rallies in gold, says BMI, a unit of Fitch Solutions. "On the other hand, despite trade uncertainties and geopolitical tensions diminishing, gold remains reluctant to collapse," BMI says in a report. It revises its 2025 annual average gold price forecast to $3,250/oz, from $3,100/oz before. BMI says it is neutral to slightly bullish for the remainder of 2025. Prices should remain elevated in the weeks ahead as the market braces for a Fed rate cut, it says. Still, "we believe the upside for gold following the rate cut will be limited with most of it already priced in." Spot gold is down 0.2% at $3,341.96/oz. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
August 20, 2025 22:33 ET (02:33 GMT)
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