Gold Declines Slightly Amid Anticipated Technical Adjustment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 24 2025
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Source: WSJ
Gold Price Movement: Gold prices have decreased slightly in early Asian trading, likely due to a technical correction after a strong rise last Friday.
Impact of Fed Chair's Comments: The increase in gold prices was influenced by Fed Chair Powell's indication of a potential rate cut in September, which has created uncertainty about future cuts.
Analyst Insights: Vasu Menon from OCBC highlights that while a September rate cut is possible, there is no guarantee of continued cuts in subsequent months.
Current Spot Price: As of the latest report, spot gold is priced at $3,367.50 per ounce, reflecting a 0.1% decrease.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
