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Gold smashes record above $3,500 as risk aversion fuels rush
Gold prices soar to a new all-time high past the $3,500 figure on Tuesday, rallying more than 2% even though the US Dollar advances and US Treasury yields rise. Risk aversion dominates, despite forecasts of a potential Federal Reserve (Fed) rate cut in September. XAU/USD trades above the $3,520 figure, after bouncing off daily lows of $3,470. Market mood is downbeat, hence favoring flows toward the yellow metal, which cleared April’s 22 peak of $3,500 and hit a record high at $3,530, poised to reach higher prices. Factors such as uncertainty around US policy, Fed independence threats and an increase in flows to ... (full story)
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From channelnewsasia.com | Sep 2, 2025
Gold sailed past US$3,500 per ounce to a record high on Tuesday (Sep 2), as a weaker dollar and mounting expectations of a United States Federal Reserve interest rate cut in September boosted the precious metal's appeal. Spot gold was up 0.3 per cent at US$3,487.55 per ounce as of 6.33am (2.33pm, Singapore time) after hitting a record high of US$3,508.50 ...
From beemarkets.com | Sep 2, 2025
The price actions of Gold (XAU/USD) have staged the expected bullish move, rallied by 2.3% and hit the US$3,435 resistance as highlighted in our earlier publication last Friday, 29 August.The price actions of Gold (XAU/USD) have staged the expected bullish move, rallied by 2.3% and hit the US$3,435 resistance as highlighted in our earlier publication last ...
From finance.yahoo.com | Sep 2, 2025
Gold held a six-day rally that pushed prices to an all-time high on Tuesday, as the prospect of US interest-rate cuts boosted the metal’s appeal and traders sought safety following a selloff in equity and bond markets. Bullion for immediate delivery held near $3,530 an ounce, after climbing as much as 1.8% to a new peak of $3,540.04. The metal’s haven ...
