Gold Price hits new high of $3,650

Gold is trading higher, as its price surged past the $3,650/oz level for the first time on Tuesday morning on Fed rate cut speculation, central bank purchases, and geopolitical risks.

It reached a record high of $3,675/oz, though future price trends remain uncertain and depend on a variety of economic and geopolitical factors.

Gold Price hits new high of $3,650

The yellow metal continued to rise amid market expectations, as the ongoing softness in the U.S. job market and increased speculation of Fed rate cuts into early 2026 are factors that have contributed to recent upward price movements.

Gold prices have increased by nearly 40% year-to-date, although such movements are subject to change based on evolving market conditions.

The non-yielding metal tends to perform in a low-interest-rate environment, as it doesn’t pay interest and reduces the opportunity cost for investors to hold it.

Alongside Gold, Silver, the second most important precious metal, also extended its gains to a new 13-year high of $42/oz on the back of buying interest.

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