01 Sep 2025
Gold nears all-time high as US Dollar weakens and Fed rate cut bets grow
Gold's rally continues, with the metal advancing for a fifth consecutive session, pressing toward the all-time high zone.
A broadly weaker US Dollar, with the US Dollar Index (DXY) hovering near a one-month low, and September Fed cut expectations are driving demand.
Mixed PCE inflation keeps focus on the US labor market, with upcoming JOLTS, Jobless Claims and Nonfarm Payrolls seen as key for Fed monetary policy path.
Gold (XAU/USD) kicks off the week on a stronger note, extending its advance for a fifth consecutive day to reach its highest level in more than four months, last seen on April 22. A broadly weaker US Dollar (USD) and firm expectations of a Federal Reserve (Fed) interest rate cut in September continue to bolster bullion’s momentum.
