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Indonesia News Portal for Traders | Financial & Business Updates

21 August 2025 10:08  |

Gold Prices Fail to Rally, Refuse to Collapse

Lower bond yields and a weaker US dollar in recent weeks have failed to fuel a further rally in gold, said BMI, a unit of Fitch Solutions. "On the other hand, despite easing trade uncertainty and geopolitical tensions, gold remains reluctant to collapse," BMI said in a report.

BMI revised its 2025 annual average gold price forecast to $3,250/oz, from $3,100/oz previously. BMI expressed a neutral to slightly bullish outlook for the remainder of 2025. Prices are expected to remain elevated in the coming weeks as the market prepares for a Fed rate cut, it said.

However, "we believe gold's upside after the rate cut will be limited as much of it is already priced in." Spot gold fell 0.2% to $3,341.96/oz.

Source: Marketwatch

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