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Gold prices continue to hit new highs, with gold futures rising to $3,731.9 per ounce

Gold prices continue to hit new highs, with gold futures rising to $3,731.9 per ounce

Chaincatcher2025/09/16 08:12

ChainCatcher news, according to Golden Ten Data, in the early European trading session, gold mining stocks in the UK, US, and South Africa generally rose, as gold futures closed at a record high on Monday and continued to reach a new high of $3,731.9 per ounce in early trading on Tuesday. Market observers are closely watching the Federal Reserve's interest rate decision this week, with a general expectation of a rate cut. IG Group analyst Chris Beaucham pointed out that a rate cut would be a bullish factor for gold, as it would suppress the US dollar, making it cheaper for investors holding other currencies to buy gold.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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