14:25 - 2.09.2025

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September 2, Fineko/abc.az. Gold has broken a record on global exchanges, surpassing the $3,500 mark per ounce.

The increase occurred amid expectations regarding a Federal Reserve interest rate cut and concerns about the future of the U.S. central bank, ABC.AZ reports.

Since the beginning of the year, the price of the metal has risen by more than 30%, further strengthening its status as a “safe haven.”

The growth is supported by a weak economy, geopolitical instability, and the threat of weakening Federal Reserve independence. Analysts predict that new highs will be recorded in the coming quarters.