29 Sep 2025 | 3 Mins Read
Gold price nears record high due to dollar decline
Flipitmoney
Gold prices rose 0.5% to $3,776.72 per ounce, near an all-time high, supported by a weaker dollar and interest rate cut expectations. The U.S. dollar index eased 0.2%, and a 90% chance of a Fed rate cut in October and 65% in December boost bullion demand. Global investor attention focuses on U.S. data releases for clues on the economy's health.