Analysis: Gold hits a new all-time high, expectations of Fed rate cuts weigh on the dollar.

According to Mars Finance, on September 16, supported by a weakening dollar, gold prices climbed to a historic high on Tuesday, with spot gold surpassing the $3690 mark. The market generally expects the Fed to cut interest rates at this week's policy meeting. Capital.com analyst Kyle Rodda stated, "Market sentiment is very optimistic, and ahead of the Federal Open Market Committee's decision, the market is betting on a rate cut. The short to medium-term outlook for gold remains strong." He added, "The interest rate curve has priced in a lot of dovish expectations, and if the Fed does not provide support in its guidance and forecasts, it could lead to a sharp fall in gold prices. If the Fed aligns with market pricing, it could become a catalyst for gold prices to break through $3700." ( Jin10 )