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Gold smashes $3,500 record as rate-cut bets, policy turmoil fuel haven rush
New York Post·2025-09-02 18:30

Gold roared to a fresh record above 3,500anounceonTuesdayastradersbettheFederalReservewillcutinterestratesthismonth.Spotgoldbrieflysurgedpast3,500 an ounce on Tuesday as traders bet the Federal Reserve will cut interest rates this month.Spot gold briefly surged past 3,508 in New York trading, eclipsing April’s intraday peak, before hovering near 3,600latemorning.Themetalisuproughlyathirdin2025,outpacingmostmajorassetsasinvestorsrotatetowardhavensandawayfromratesensitivetrades.3Goldroaredtoafreshrecordabove3,600 late morning.The metal is up roughly a third in 2025, outpacing most major assets as investors rotate toward havens and away from rate-sensitive trades. 3 Gold roared to a fresh record above 3,500 an ounce on Tuesday as traders bet the Federal Reserve will ...