Gold Hits Record $3,508 Amid Global Economic Uncertainty
September 2, 2025
9:51 am
The price of gold surged to a record high on Tuesday, reflecting strong demand for the precious metal amid global economic uncertainty. The spot gold price reached $3,508.50 per ounce, extending a rally that has seen it rise nearly one-third this year.
Gold is widely regarded as a safe-haven asset, attracting investors when economic or geopolitical risks increase. The metal’s recent ascent followed announcements of sweeping US tariffs under President Donald Trump, which disrupted global trade and heightened market anxieties.
Analysts also point to expectations of potential interest rate cuts by the US Federal Reserve as a factor boosting gold’s …
