According to the portal, on Tuesday, September 2, on the New York time stock exchange, the gold ounce cost $ 3,555.47. Even at night a record of all time was broken – $ 3,578.20 for the Trojan ounce. Thus, yellow metal from the beginning of 2025 has already become nearly 33 percent, continuing the dynamic upward trend from previous years. In 2024, gold gained over 27 percent, and in 2023 – 13 percent As a result, in three years its price practically doubled.
Experts on which Bankier.pl cites, indicate that behind such a strong move is waiting for the start of a series of interest rates by a federal reserve. According to the market in September, the FED is to lower feet by 25 base points and carry out one or two reductions by the end of the year. Surrounded by low real interest rates, gold is particularly strongly gaining.
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Silver is also more expensive
Inflation in the US lasts at the level of about 3 percent, without approaching the 2 % Fed target. – The consequence of a weaker economic environment and expectations for cutting feet in the USA is the increase in precious metal prices – as Bankier.pl writes, said Kyle Rodda from Capital.com quoted by Reuters. He also added that the “erosion of trust in dollar assets” caused by Donald Trump's attacks on the independence of the American central bank affects the market.
As Bankier.pl points out, not only gold goes on the wave of growth. In the night trade, silver reached USD 41.99 per ounce – at most for 14 years. This year, white metal has already gained over 40 percent, after last year's increase by 21.5 percent. There are more and more forecasts that silver can test a 50 USD barrier that stopped previous speculative bull market.
Platinum also records increases. Although the July maximum could not be pierced, this metal – after more than a decade, begins to regain importance. In July, it has been recorded for at most for 11 years, which according to analysts can herald investors' return to this market.
