#GoldPriceRecordHigh

Today's gold price has reached an all-time high, with the global gold price rising 0.61% to US$ 3.497.77 per ounce. Previously, the gold price had briefly surpassed the record of US$ 3.508.50.

Meanwhile, US gold futures for December delivery surged 1.4% to US$ 3.563.40.

*Factors Supporting the Rise in Gold Prices:*

- *Expectations of Fed Rate Cuts*:

Market participants anticipate a 90% chance that the Fed will cut interest rates by 25 basis points at the upcoming meeting on September 17. Gold tends to perform well in a low-interest-rate environment.

- *Weakening US Dollar*:

A crisis of confidence in dollar assets due to US President Donald Trump's attack on the independence of the Fed has also lifted gold prices.

- *Weak Economic Conditions*: Expectations of a weakening US economy are also a major driver of the rise in precious metal prices.

Thus, gold prices are likely to continue to rise in the coming days.