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 $3,500 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 $3,600 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 ...