Gold futures reached new all-time highs for 9th time this month

From youtube.com/cmegroup

Gold futures saw nine new all-time highs in September, with prices rallying over 8.5%. This surge was driven by the anticipation of further Federal Reserve interest rate cuts, with markets pricing in several cuts into next year. Additionally, central bank purchases, particularly from China, suggest a continued trend of gold accumulation as nations seek to diversify away from U.S. treasuries. The gold market's recent strength and record prices reflect these key drivers.