Spot gold rose above $3,700 per ounce, setting a record high
Source: golden
Time: 2025-09-16 22:24:01
According to Golden Finance, spot gold rose in the short term, exceeding US$3,700/ounce, up 0.56% during the day, setting a new record high, with a cumulative increase of US$1,076/ounce for the whole year. Market analysts believe that the U.S. employment data has weakened rapidly, supporting the Federal Reserve to restart interest rate cuts in September. The expectation of interest rate cuts is the key driving force for the recent rise in gold prices. Goldman Sachs said on September 4 that if the Fed's credibility is damaged and investors convert a small portion of U.S. Treasury holdings into gold, gold prices could soar to nearly $5,000 per ounce.