16 Sep 2025 | 3 Mins Read
Gold soars to new highs before Fed rate cut
Flipitmoney
Gold surpassed Monday's all-time high of $3,685 an ounce due to investors betting on a Federal Reserve rate cut this week and potential monetary easing. The metal has surged 40% this year, outpacing the S&P 500 index, and recently surpassed its inflation-adjusted peak. Goldman Sachs forecasts gold could approach $5,000 an ounce.