Gold prices remain near record highs as investors look ahead to the Fed's likely rate cut.

Gold prices held steady near record highs as investors await the U.S. Federal Reserve's interest rate decision, expected to cut rates by 25 basis points. The precious metal has surged 38% this year, driven by its status as a safe-haven asset amid economic and geopolitical uncertainties. Goldman Sachs raised its gold target to $4,000, while market analysts predict continued bullish momentum, with key resistance at $3,675. Meanwhile, a weaker U.S. dollar and geopolitical tensions also support gold's performance.