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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

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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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