Spot gold rose above $3,700 an ounce, setting a new record high
2025-09-16 14:22:01
Spot gold rose in the short term, rising above $3,700/ounce, rising 0.56% in the day, setting a new record high, and rising by $1,076/ounce in the whole year. Market analysts believe that the US employment data has accelerated to weaken, supporting the Federal Reserve to resume interest rate cuts in September. The expectation of interest rate cuts is a key driving force for the recent rise in gold prices. Goldman Sachs Group said on September 4 that if the credibility of the Federal Reserve is damaged and investors convert a small part of their US Treasury holdings into gold, the price of gold may surge to nearly $5,000 per ounce.
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