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COMMODITY INSIGHTS

Gold heads towards US$4,000 mark as markets grapple with dollar doubts, Fed uncertainty

Analysts note confidence in the precious metal is ultimately linked to sentiment towards the greenback

Summarise
Mia Pei

Mia Pei

Published Tue, Sep 9, 2025 · 03:56 PM — Updated Tue, Sep 9, 2025 · 11:56 PM
    • The gold rally so far reflects entrenched expectations for rate cuts after disappointing US non-farm payrolls data.
    • The gold rally so far reflects entrenched expectations for rate cuts after disappointing US non-farm payrolls data. PHOTO: BT FILE

    [SINGAPORE] Gold is blazing a trail towards US$4,000 an ounce, driven by a potent mix of softening US economic indicators, questions over the Federal Reserve’s autonomy, and the absence of viable rivals to the greenback in global currency markets.

    Spot gold topped US$3,650 an ounce on Tuesday (Sep 9), extending an almost 40 per cent year-to-date rally to notch another price record.

    The surge underscores a historic run for the yellow metal, which is increasingly seen as a safe haven asset in a world of mounting monetary, fiscal and geopolitical stress.

    GoldGold ReportUS dollarCommoditiesPrecious metalsWealth & InvestingUS Federal Reserve

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