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Gold hits record high as weak dollar, US rate-cut hope lift demand
short by / on Tuesday, 2 September, 2025
Gold prices surged to a record high on Tuesday, marking their sixth consecutive session of gains, supported by a weaker dollar and growing expectations of a US interest rate cut. Spot gold rose 0.5% to $3,493.99 an ounce after hitting $3,508.50, while December futures gained 1.4% to $3,564.40. Analyst Kyle Rodda said economic weakness and rate-cut hopes are boosting metals.