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Looming Fed rate cuts fuel gold price bonanza to records
Gold's latest rally, triggered by expectations of U.S. rate cuts, concerns about Federal Reserve independence and strong demand from investors as well as the central bank, is likely to propel prices to new records in the coming weeks. Analysts see spot gold, which hit a record high of $3,527.5 as of 1700 GMT on Tuesday, in a $3,600-$3,900 range in the near to medium term, with potential to test the $4,000 level in 2026 if economic and geopolitical uncertainties persist. Gold has gained more than 34% this year and analysts have steadily raised their average 2025 price outlook from $2,756 an ounce in January to $3,065 ... (full story)
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From bbc.com | Sep 2, 2025
The price of gold has hit a record high as demand for the precious metal remains strong amid global economic uncertainty. The spot gold price hit $3,508.50 per ounce early on Tuesday, continuing its upwards trend which has seen it rise by nearly a third this year. The precious metal is viewed as a safer asset for investors during times of economic ...
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 ...
From kitco.com | Sep 2, 2025
Political interference with the Fed and the prospect of rates dropping too low to restrain inflation will be bad for the dollar but good for gold, while silver’s new U.S. designation as a critical mineral should boost demand even as the solar buildout slows, according to precious metals analysts at Heraeus. In their latest precious metals update, the ...
