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Gold price hits record high driven by rate cut expectations

Gold price hits record high driven by rate cut expectations

ChaincatcherChaincatcher2025/09/02 02:21
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ChainCatcher news, according to Golden Ten Data, gold prices have once again reached a new all-time high, with spot gold prices rising by 0.9% to $3,508.73 per ounce, surpassing the peak in April. So far this year, gold has risen by more than 30%, making it one of the best-performing commodities. The prospect of a Federal Reserve rate cut and concerns about its future have provided new support for the rally in precious metals. Investors seek safe havens during periods of political and economic turmoil, which has supported gold prices.

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