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Gold surges near record high as investors bet on Fed rate cut
Gold was charging near a record high Wednesday, trading around $3,650 an ounce after US wholesale prices unexpectedly fell and investors piled into bets the Federal Reserve will slash interest rates next week. The precious metal brushed an all-time peak of $3,674 earlier this week and has already soared 40% in 2025, trouncing stocks and other major assets. Wednesday’s surge came after the Bureau of Labor Statistics reported that the producer price index dropped 0.1% in August, defying forecasts for a rise. The surprise slide and recent weak jobs reports give the Fed cover to ease policy at its Sept. 17 meeting, ... (full story)
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- Sep 10, 2025 3:45pm Posted byFundamental Analysis201
