Gold May Edge Lower After Fed Decision. Forecast as of 17.09.2024

The gold price may retreat should the Fed implement a 25-basis-point reduction in rates in September. Nevertheless, gold bulls will likely maintain the upward trajectory of XAUUSD due to the inflow of capital into ETFs and other advantages. Let's discuss this topic and make a trading plan.Highlights and key points Two gold all-time highs were linked to assassination attempts on Trump. The precious metals market is awaiting the Fed's decision. An influx of capital into ETFs will reinforce the XAU