Gold prices hit another record high, and the market is almost entirely convinced that the United States will cut interest rates in September
2025-09-02 01:57:08
Gold prices hit another all-time high on Tuesday on expectations of US interest rate cuts and the weakness of the dollar. Spot gold hit a high of $3,508.70 an ounce, up more than 0.7% in the day. According to the CME Fed Watch tool, traders are now forecasting a 90% chance that the Federal Reserve will cut interest rates by 25 basis points at its September policy meeting. Trump has been criticizing the Federal Reserve and its Chairperson Powell for not lowering interest rates for several months, and investors are now looking forward to Friday's release of US non-farm payrolls data to determine how much the Federal Reserve may cut interest rates later this month. (Golden Ten)
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