Gold prices hit a new record high on Tuesday (September 16th), breaking through $3,685 per ounce. This increase occurred as investors grew more confident that the Federal Reserve (The Fed) would cut interest rates this week, opening the door to further monetary easing in the coming months. Furthermore, the weakening of the US dollar to its lowest level in more than seven weeks also boosted gold prices. The market is now awaiting the release of the Fed's latest economic and interest rate projections via the "dot plot" and Chairman Jerome Powell's press conference following the announcement of the decision.
Expectations for an interest rate cut are growing stronger, supported by weak US employment data and the absence of major inflation surprises. This is positive for non-interest-bearing gold, as it makes the precious metal more attractive compared to interest-bearing assets.
The price of gold at the time of writing was $3,681/Toz.
DISCLAIMER
Note: This article is for analytical purposes only and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
Gold prices (December 24th) in the European session were stable at $4,491 ahead of Christmas Day tomorrow, with the market closing early tonight. Gold prices surged past $4,500 per ounce for the first...
Silver prices reached $72.63 per ounce on December 24, 2025, setting a new record driven by strong global demand and rising geopolitical tensions. This increase in silver prices was driven by factors ...
Brent oil prices rose today, reaching $61.58 per barrel, driven by several fundamental factors influencing the market. One of these is rising geopolitical tensions, particularly related to the threat ...
Gold Prices Soar Gold prices hit a record high on Tuesday, surpassing $4,480 an ounce for the first time, after posting a 2.4% gain in the previous session, their biggest surge in more than a month. T...
The price of silver (XAG/USD) continues to demonstrate strong bullish control and remains within a high range, even breaking a new record high above $69.00. This increase is supported by strong buying...
As I conclude 2025 from Beijing, I don't claim to have the ability to predict the future. Predictions often fall short when judged by accuracy. However, years as a journalist have taught me something even more valuable: knowing what truly important...
As we approach December 26, 2025, the US dollar's movement presents an interesting yet questionable situation. Globally, the dollar remains under pressure after experiencing significant weakness throughout the year. The dollar index (DXY) is...
Silver prices continued to set new record highs, rising 2.7% to $73.78 per ounce, marking their fifth consecutive session of gains. This rise was driven by speculative inflows and ongoing supply imbalances stemming from the historic short squeeze...
Bank of Japan (BOJ) Governor Kazuo Ueda stated that achieving 2% inflation is getting closer, although real inflation remains low. Ueda emphasized...
The US economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer...
US President Donald Trump used a series of social media posts to outline his views on inflation, interest rates, and Federal Reserve (FED)...
European markets closed higher on Tuesday, paring the previous session's losses.
The pan-European Stoxx 600 closed up 0.3%, notching a new record...