Gold Price Hits Another All-Time High, Safe-Haven Demand and Rate Cut Expectations Fuel Rally

BlockBeats News, September 3rd. The price of gold hit a record high due to escalating safe-haven demand, strengthened expectations of a U.S. interest rate cut, and ongoing central bank gold purchases. Krishan Gopaul, Market Intelligence Manager at the World Gold Council, pointed out that ongoing market uncertainty, concerns about the independence of the Federal Reserve, reignited expectations of a September rate cut, resurfacing U.S. stagflation risks, and general U.S. dollar weakness have collectively reinforced gold's attractiveness. Geopolitical tensions and tariff concerns further solidified this trend. Gold ETFs, gold bars, and gold coins continue to receive strong investor demand, while central banks around the world are continuing to advance reserve diversification, ensuring that the core factors driving this rally will not dissipate in the short term. (FX678)