empty
 
 

2025.09.1101:51:46UTC+00Gold Holds Near Record High

Gold remained steady around $3,640 per ounce on Thursday, hovering near its record high. This stability is attributed to anticipation of US interest rate cuts and escalating geopolitical tensions. August saw an unexpected decline in US producer prices, with both the headline and core Producer Price Index (PPI) dropping by 0.1%. This was contrary to predictions of a slight increase. Alongside earlier indicators of a weakening labor market, this data has intensified speculation about possible Federal Reserve interest rate reductions, thereby increasing the demand for gold as a non-yielding asset. Investors are now closely monitoring Thursday's consumer price report for further insights. Additionally, the ongoing geopolitical situation is enhancing gold's appeal as a secure investment. Recently, US President Donald Trump urged the European Union to levy tariffs on China and India to exert pressure on Russia concerning the Ukraine conflict. Meanwhile, tensions escalated in the Middle East, and Poland reported intercepting Russian drones that violated its airspace amid a significant military strike in western Ukraine.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback