Where are the next gold levels? And is the interest rate cut priced in the markets?

Gold Spot US Dollar#

The gold market is witnessing a state of intense anticipation ahead of the US Federal Reserve's announcement regarding the interest rate cut decision, expected on Wednesday, September 17, in the evening. We are aware that expectations indicate a cut of 25 basis points, with the possibility that the cut could reach 50 basis points, raising questions about the impact of this decision on gold prices today and the future trading of the yellow metal ...

Currently, gold is trading at levels of $2650 per ounce, which is close to its historical high of $2674. This situation makes gold the center of attention for traders and investors, especially with expectations of it rising to higher levels if the interest rate cut occurs. Short-term investors interested in buying gold before the announcement find that the market is already reflecting expectations of the interest rate cut.