Created
: 2025.09.02
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Gold rallies further beyond $3,500, fresh all-time peak and counting
World FX news
Breaking news
Gold rallies further beyond $3,500, fresh all-time peak and counting
New
2025.09.02 10:54
2025.09.02 10:54
2025.09.02 10:54
- Gold buying interest remains unabated on the back of rising bets for a September Fed rate cut.
- The US tariffs uncertainty, Fed independence worries, and geopolitics benefit the precious metal.
- A modest USD bounce does little to dent the move up ahead of this week's US macro releases.
Gold prolongs its uptrend for the sixth straight day and touches a fresh all-time peak, levels beyond the $3,500 psychological mark, during the Asian session on Tuesday. The growing acceptance that the Federal Reserve (Fed) will cut interest rates this month turns out to be a key factor that continues to drive flows towards the non-yielding yellow metal. Apart from this, US tariffs uncertainty and escalating geopolitical tensions turn out to be other factors underpinning the safe-haven bullion.
The aforementioned supporting factors, to a larger extent, offset a modest US Dollar (USD) uptick, which tends to undermine demand for the commodity. However, extremely overbought conditions on short-term charts warrant some caution for the XAU/USD bulls before positioning for any further gains. Investors might also opt to move to the sidelines ahead of this week's important US macro releases, scheduled at the start of a new month, including the Nonfarm Payrolls (NFP) report.
Gold FAQs
Gold has played a key role in human's history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn't rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country's solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Last updated
: 2025.09.02
Related articles
Gold retreats from record $3,508 as US Dollar and yields rebound
2025.09.02 21:25The upswing in the metal markets is likely to subside again - Commerzbank
2025.09.02 21:10Silver price rises to 14-year high - Commerzbank
2025.09.02 20:38Gold Price Forecast: XAU/USD's reversal from the $3,500 area holds at $3,470
2025.09.02 19:47Silver price today: Silver falls, according to FXStreet data
2025.09.02 18:30Gold and Silver rally - ING
2025.09.02 18:19
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
GBP/CAD slides to four-week low as UK gilt rout rattles Sterling, Canada PMI shows improvement
The Pound Sterling (GBP) faces broad-based selling pressure on Tuesday, with GBP/CAD tumbling sharply as concerns over the United Kingdom's (UK) fiscal trajectory and surging Gilt yields dominate market sentiment.
New
2025.09.02 22:52USD/CAD rebounds toward 1.3800 as US Dollar firms, PMIs data in focus
The Canadian Dollar (CAD) loses ground for the second straight day on Tuesday, with USD/CAD rebounding from near four-week lows as the US Dollar (USD) strengthens broadly.
New
2025.09.02 22:09Gold retreats from record $3,508 as US Dollar and yields rebound
Gold (XAU/USD) retreats on Tuesday after briefly surging to a fresh all-time high of $3,508 per ounce during the Asian session as a rebound in the US Dollar (USD) and Treasury yields triggered mild profit-taking.
New
2025.09.02 21:25JPY underperforming most G10 currencies - Scotiabank
The Japanese Yen (JPY) is weak, down 0.9% against the US Dollar (USD) and underperforming all of its G10 peers with the exception of GBP, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.09.02 21:12The upswing in the metal markets is likely to subside again - Commerzbank
With the exception of aluminum, base metal prices have risen in recent days, Commerzbank's commodity analyst Barbara Lambrecht notes.
New
2025.09.02 21:10GBP weak and underperforming G10 - Scotiabank
The Pound Sterling (GBP) is underperforming all of the G10 currencies with a 1.1% decline against the US Dollar (USD), weakening in response to renewed fiscal concerns that have driven UK yields to fresh multi-decade highs, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.09.02 21:07Silver price rises to 14-year high - Commerzbank
The Silver price jumped above the USD 40 per troy ounce mark for the first time in 14 years at the beginning of the week, buoyed by the rise in the Gold price, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.09.02 20:38AUD/USD slumps to near 0.6500 as US Dollar snaps five-day losing streak
The AUD/USD pair is down 0.7% to near 0.6500 during the late European trading session on Tuesday.
New
2025.09.02 20:37EUR a mid-performer but still weak vs. USD - Scotiabank
The Euro (EUR) is down 0.6% against the US Dollar (USD) and a mid-performer among the G10 as we head into Tuesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.09.02 20:35Europe's Gas storage facilities are filling up - Scotiabank
Europe's Gas storage facilities are filling up: they are now more than 77% full, reducing the gap to the usual filling level (based on the 5-year average) to 8.4 percentage points, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.09.02 20:33Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
