23 Sep 2025 | 3 Mins Read
Gold surges to record on rate cut hopes, eyes Powell's move
Flipitmoney
Gold prices hit a record high of $3,758.03 per ounce, up 0.2% from $3,752.43, driven by expectations of further US rate cuts and a weaker dollar. Federal Reserve Chair Jerome Powell's speech will be closely watched for policy insights. US Fed's September 25 basis point rate cut is seen as a precursor to potential future cuts.