# Gold poised for monthly gain on soft dollar, US rate-cut hopes - Markets - Business Recorder

> Reuters reports spot gold was little changed near $3,412 an ounce, on track for a monthly gain after a one-month high. A softer dollar and expectations for a September Fed rate cut supported prices. Fed Governor Christopher Waller backed a cut next month and further reductions over the following months, with traders pricing an 86% chance of a 25bp cut.

- Date: 2025-08-29 · published 2025-08-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/23250-gold-poised-for-monthly-gain-on-soft-dollar-us-rate-cut-hopes-markets-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of easier US policy keep the dollar under pressure, a mild support for dollar-denominated commodities, though the link to feed prices is indirect.

## Read by commodity

- DXY: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40380291

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.