Gold Prices Reach Record Peak

2025-09-23 03:18:09

(MENAFN) The value of gold advanced by 0.7% on Monday, climbing to a record-breaking level of $3,719.95 as of 0630GMT, with investors anticipating further interest rate reductions from the Federal Reserve.

Over the past year, the precious metal fluctuated between $2,536.91 and $3,719.95. Within the same period, it surged by 40.7%.

Prompted by US President Donald Trump's persistence, the Federal Reserve lowered its key policy rate by 25 basis points last week.

Looking ahead to the Federal Reserve’s October and December gatherings, markets are forecasting additional rate cuts.

Sluggish inflation results, rising jobless numbers, and pressure from Trump continue to drive the Federal Reserve toward further reductions in borrowing costs.

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