Gold Prices Have Surpassed $3600 Per Ounce

• 2.09.2025, 22:47

For the first time in history.

The price of gold has again updated the historical maximum. December gold futures on the New York Mercantile Exchange (COMEX) rose by 2.39% to $3600.25 per ounce at 22:20 Minsk time.

Gold prices reached a new record high as the weakening dollar and growing expectations of a rate cut by the US Federal Reserve increased the attractiveness of the precious metal, writes Reuters. The U.S. regulator will meet on September 16-17.

The rise in precious metal prices was a consequence of the deteriorating economic situation and expectations of interest rate cuts in the United States, according to Capital.com financial market analyst Kyle Rodda.

Another factor, he said, was the growing crisis of confidence in dollar assets due to U.S. President Donald Trump's attacks on the Fed.