Gold costs surged to an unprecedented $3,578.40 per ounce on Tuesday, September 2, 2025, pushed by expectations of U.S. Federal Reserve rate of interest cuts, a weakening U.S. greenback, and rising considerations over world {economic} instability.
The rally displays elevated demand for safe-haven property as traders hedge towards potential {economic} downturns.
Spot gold climbed 1.1% on the day, whereas U.S. gold futures for December 2025 supply rose to $3,565.50.
Analysts mentioned the surge was influenced by a 90% probability of a 25-basis-point fee minimize by the Federal Reserve at its upcoming assembly on September 17, 2025, in addition to political developments affecting the Fed’s independence.
Global uncertainties, together with ongoing commerce tensions and inflation considerations in 2025, additionally contributed to the spike in costs.
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Silver costs equally rose to $41.46 per ounce on September 2, surpassing the $40 mark for the primary time since 2011, whereas platinum and palladium recorded modest actions.
Experts warned that whereas the surroundings helps gold’s upward trajectory, traders ought to stay cautious.
Ipek Ozkardeskaya of Swissquote Bank mentioned the rally displays not solely a weaker greenback but additionally robust institutional demand as traders transfer out of U.S. Treasuries.
