#GoldPriceRecordHigh
Gold Price Update
Gold has surged past $3,500 per ounce, hitting an all-time high early Tuesday. Spot gold traded around $3,529.01, briefly peaking at $3,529.93. U.S. futures for December delivery also rallied, closing about 2.2% higher.Reuters+1Financial Times
Some outlets report intraday highs as steep as $3,578.40 per ounce before retreating slightly.MarketWatchABC News
Year-to-date gains neared 35%, underscoring the meteoric ascent of gold in 2025 so far.The GuardianMarketWatch
Driving this rally:
Widespread bets on Fed rate cuts—markets currently price about a 90–92% probability of a 25 basis-point cut in mid-September.Reuters+1The GuardianABC NewsThe Times
Concerns over U.S. monetary policy independence, especially amid political pressure on Fed officials.The GuardianMarketWatchFinancial TimesReuters
Persistent geopolitical instability, a weak dollar, heightened safe-haven demand, and central bank purchases—notably from India, China, Turkey, and Poland.The GuardianFinancial Times
Analyst projections suggest gold could climb further—$3,700 to $4,000 per ounce by late 2025 or into 2026—especially if geopolitical tensions endure.The GuardianFinancial Times
Visual Takeaway
The chart above—sourced from Reuters—shows spot gold’s upward trajectory throughout the year, culminating in the recent breakout above $3,500/oz.Reuters
