Gold's 200 Day-Moving-Average Breaks $3,000/oz! New Record: $3,003.41 https://t.co/0zDUC05Te2
Gold hits near 2-week peak, investors focus on Fed appointments - https://t.co/DTvgA17kKi via @Reuters
More to come. Gold is still in a Bollinger band squeeze => breakout, with momentum favoring continued upside from here. I'm thinking we can hit $4,000 later this year or early next. https://t.co/0hp8TPpFRG
Gold prices have experienced notable gains in early August 2025, rising from around $3,316.11 per ounce to new record levels above $3,354.45 and eventually surpassing the $3,000 mark on the 200-day moving average. The rally was initially driven by weaker U.S. jobs data and increased expectations of Federal Reserve interest rate cuts, which boosted gold's appeal as a safe-haven asset. Market participants are pricing in a 98% chance of a Fed rate cut in September, contributing to gold's nearly 30% year-to-date increase. Despite some profit-taking and fluctuations influenced by rising yields and a stronger dollar, gold settled 0.80% higher at $3,374.40 on August 4. Analysts and investors anticipate continued momentum, with some projecting gold prices could reach $4,000 later this year or early next year. The Trump administration's policies, including deficit spending, pressure on the Fed to lower rates, and tariffs reducing global trade, are seen as factors weakening the U.S. dollar and supporting gold prices.