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Sep 29, 2025
Gold rises on weak dollar, rate cut hopes
The precious metal surpasses $3,800 per ounce
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Gold has risen to unprecedented levels, exceeding $3,800 per ounce, supported by a weaker US dollar and growing bets on interest rate cuts by the Federal Reserve. Analysts believe that falling US bond yields are enhancing gold's appeal as a safe haven, especially amid ongoing uncertainty about global economic growth. |
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Geopolitical tensions and recent inflation data have also prompted investors to increase their positions in the yellow metal, which continued its upward trajectory for the fifth consecutive week.
With attention remaining focused on the upcoming Federal Reserve decisions, expectations are growing that gold will continue to test new record levels in the coming period.