#GoldPriceRecordHigh Gold prices have reached a record high, surpassing $3,500 per ounce! This surge is driven by expectations of a Federal Reserve rate cut and growing concerns over economic uncertainty. Some key factors contributing to this rise include ¹:

- *Rate Cut Expectations*: The Federal Reserve is expected to reduce interest rates this month, making gold more attractive to investors.

- *Safe-Haven Demand*: Gold is a popular safe-haven asset, and its value tends to rise during times of economic uncertainty and geopolitical tensions.

- *Central Bank Buying*: Central banks, including those in India, China, and Turkey, are increasing their gold reserves, further boosting demand.

*Current Prices:*

- *Spot Gold Price*: $3,537.77 per ounce

- *Gold Futures*: Trading at $3,508.79 per ounce, with expectations of further volatility around the upcoming Fed meeting on September 16-17

*Expert Predictions:*

- *UBS Global Wealth Management*: Predicts gold could reach $3,700 per ounce by next June, with potential for further gains if economic conditions deteriorate.

- *Swissquote Bank*: Believes gold and silver have further room to run, with silver potentially outperforming gold ². #GoldPriceRecordHigh