Gold price today, Tuesday, September 16, 2025: Gold opens at record high above $3,700

Group 1: Gold Price Trends - Gold futures opened at a record $3,720.30 per ounce, up 1% from Monday's close of $3,682.20, and continued to rise in early morning trading [1] - The price of gold has increased 11.2% over the past month, from an opening price of $3,346.80 on August 15, 2025, and is up 44.2% from $2,580.40 on September 16, 2024 [4] - Goldman Sachs Research predicted gold would reach $3,700 per troy ounce by year-end 2025, representing a 40% increase from its January 2 opening price of $2,633 [14] Group 2: Economic Factors Influencing Gold Prices - The recent record high in gold prices is attributed to investor anticipation of an interest-rate cut from the Federal Reserve, expected to be announced Wednesday [2] - The federal funds rate has been steady at 4.33% throughout 2025, following a peak of 5.33% in 2023 due to record-high inflation [2] - Gold prices typically strengthen when interest rates decline, especially when such reductions are driven by economic weakness [3] Group 3: Investment Strategies in Gold - Experts recommend holding 5% to 15% of net worth in gold, with some advising up to 20% for risk-tolerant investors [8] - The investment process in gold involves setting goals, determining allocation, choosing a form, and considering the investment timeline [9] - It is advised to account for existing gold assets, such as jewelry, when determining the target allocation [10]