#New Gold rush in Pakistan XStreet

Gold Price Forecast: XAU/USD hits fresh record highs above $3,500; what next?

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09/02/2025 03:08:49 GMT

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By

Dhwani Mehta

Gold Price Forecast: XAU/USD hits fresh record highs above $3,500; what next?

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Gold extends its six-day winning streak to clinch fresh lifetime highs above $3,500 early Tuesday.

The US Dollar rebounds from over one-month lows, limiting Gold’s upside for now.

Fed rate cut bets and Russia-Ukraine geopolitical woes keep Gold underpinned.

Gold eyes more gains even as the RSI enters the overbought region on the daily sticks.

Gold has quickly reversed an uptick to fresh all-time-highs above $3,500, gathering pace for a sustained move again above that level. All eyes now turn to the US ISM Manufacturing PMI due later in the day for further trading directives.

Gold capitalizes on Fed rate outlook, geopolitics