Back to today’s briefing

Story perspectives

Gold Hits Record $3,800 Amid Rate Cut Hopes

9/29/2025

26 2 Full Breakdown

Summary

Story summary

Gold rose to a record above $3,800 per ounce on September 29, 2025, amid a weaker dollar and expectations for Federal Reserve rate cuts.
Spot gold rose to $3,814.91, with U.S. futures rising to $3,844.
Analysts assign 90% chance of a Federal Reserve rate cut in October and 65% in December, with ETFs posting record inflows.

History

Historical Context

The gold price surged to $850 per ounce in 1980, driven by a 13.5% inflation rate and geopolitical tensions, including the Soviet invasion of Afghanistan. This trend of seeking gold as a safe haven continues today, with prices exceeding $3,800 per ounce, reflecting investor behavior amid a weakening dollar and anticipated Federal Reserve rate cuts, highlighting gold's role as a hedge against economic uncertainty.

1 of 2

Story summary

Gold rose to a record above $3,800 per ounce on September 29, 2025, amid a weaker dollar and expectations for Federal Reserve rate cuts.
Spot gold rose to $3,814.91, with U.S. futures rising to $3,844.
Analysts assign 90% chance of a Federal Reserve rate cut in October and 65% in December, with ETFs posting record inflows.

1 / 2