Gold Reaches New record High on Wednesday, September 3, 2025
Gold prices surged to an unprecedented high globally today, September 3, 2025, fueled by ongoing market uncertainty and increasing expectations of a Federal Reserve interest rate cut this month. the precious metal, traditionally considered a safe haven asset, benefited from heightened investor demand as concerns about the economic outlook persist.
This rally marks a meaningful moment for investors and the global economy. A potential shift in monetary policy by the Federal Reserve, coupled with geopolitical instability, drives investors toward gold as a store of value. the price movement impacts everything from investment portfolios to the cost of jewelry and industrial applications,and further gains hinge on the Fed’s upcoming decision and evolving market sentiment.
The spot price of gold reached $3,537 per ounce at 01:45 GMT, following an earlier peak of $3,546.99 during the session. December gold futures on the U.S. exchange rose 0.3% to $3,602.50, according to Reuters data.
Market analysis indicates a 92% probability that the Federal Reserve will lower interest rates by 25 basis points at the conclusion of its two-day monetary policy meeting on September 17, as calculated by the CME Group’s Fedwatch tool.
Reflecting increased investor interest, the SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, reported a 1.32% increase in its holdings on tuesday, reaching 990.56 tons – the highest level as August 2022.
Other precious metals also experienced price fluctuations. Silver spot prices decreased by 0.2% to $40.82 an ounce, following a session where it hit its highest value as September 2011. Platinum increased by 0.4% to $1,409, and palladium rose by 0.7% to $1,142.77.