{"id":126839,"title":"Gold Sets New Record After Leaping Above $3,600","publisher":"Share Talk","author":"sharetalk","published":"2025-09-08T14:05:31+00:00","modified":"2025-09-08T14:05:31+00:00","canonical_url":"https://www.share-talk.com/gold-sets-new-record-after-leaping-above-3600/","markdown_url":"https://www.share-talk.com/gold-sets-new-record-after-leaping-above-3600.md","json_url":"https://www.share-talk.com/gold-sets-new-record-after-leaping-above-3600.json","category":"Mining","categories":["Mining"],"tags":["COMEX","EU","futures","Gold","Gold Bars","Laos","Market","MYANMAR","Swiss","Switzerland","Syria","UK","United States"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/03/GOLD-14TH-MARCH-1.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Gold Surges Past $3,600 to Fresh Record High Amid Fed Cut Bets and Political Uncertainty**\n\n**Gold prices** climbed to a **record high above $3,600 an ounce** on Monday, driven by **growing expectations of a US interest rate cut** and rising concerns over **central bank independence**.\n\n**Spot gold** rose **0.8% to $3,613.87**, as investors sought safe-haven assets amid an uncertain economic and political backdrop. Lower interest rates typically **reduce returns on cash and bonds**, boosting demand for alternative assets such as gold.\n\nThe latest surge follows **downbeat US jobs data** released on Friday, which strengthened expectations that the **Federal Reserve may cut rates** when it meets next week.\n\nGold has already **soared over 35% this year**, fuelled by its role as a **hedge against inflation** and a go-to **safe haven during periods of volatility**. Some investors are growing increasingly concerned about the possibility of stagflation — a combination of high inflation and slowing economic **growth**.\n\nMark Haefele of **UBS** said gold should *“benefit from lower real rates and ongoing geopolitical risks”*, with the bank forecasting prices could **reach $3,700 per ounce by June 2026**.\n\nPolitical tensions have also added to market jitters. Traders are closely watching **Donald Trump’s legal push to remove Federal Reserve governor Lisa Cook**, which is currently making its way through the courts.\n\nThe move comes amid a series of attacks by the US President on the central bank, including repeated public criticism of **Fed Chair Jerome Powell**, whom he has labelled a *“numbskull”* and **“too late” Powell**.\n\nWith both economic and political uncertainty on the rise, **gold’s record-breaking rally** shows no signs of slowing."}