RE: GOLD8 Sep 2025 20:54
Story from proactive today...
Gold miners were back on the front foot on Monday as the price of the yellow metal surged to a new record high above $3,600 an ounce.
After climbing above $3,500 for the first time last week, the price of gold rose 0.7% to top $3,620 on Monday morning.
Over the past week, the price of the metal has risen 4%, up 16% since the start of April.
The gold price has added $1,000 since the start of the year, soaring over 38%.
"There has been a slew of factors supporting the gold price, including Trump’s attack of Fed independence and a meeting between major BRIC nations China, India and Russia," said metals analyst John Meyer at SP Angel.
"This coincided with additional buying from central banks, with China continuing to add and India boosting holdings in favour of US Treasuries."
Treasury yields were also pushed lower after US jobs data on Friday disappointed, raising expectations of Federal Reserve interest rate cuts.
"This has provided a supportive territory for gold prices, with ETF inflows continuing to edge higher," said Meyer.
GLA..