Gold's Record Surge Above $3,500: ETFs to Consider
ZACKSยท2025-09-03 15:45
Driven by growing expectations of Fed rate cuts and strong safe-haven demand, gold prices hit a new all-time high, breaching the $3,500 mark. The yellow metal emerges as a standout performer this year, climbing nearly 41.49% over the past year, according to Trading View.Additionally, an increase in inflation concerns and sustained central bank buying further support the rally in gold prices.According to analysts, as quoted on Reuters, portfolio diversification away from the greenback and the general weaknes ...