{"id":148961,"date":"2025-09-09T21:19:33","date_gmt":"2025-09-09T21:19:33","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline"},"modified":"2025-09-09T21:49:19","modified_gmt":"2025-09-09T21:49:19","slug":"gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline","title":{"rendered":"Gold Hits Record High Amid Fed Rate Cuts and Dollar Decline"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Kenya. <\/strong><\/span>Gold hit a new record at over $3,600 per ounce, led by the estimates that the Fed may cut rates by 75 basis points in total by the end of the year, as well as a weakening US dollar.<\/p>\n<p>Gold continues breaking records as its safe-haven feature comes to the fore amid uncertainties, geopolitical risks, and estimates of rate cuts, while the US debt reaches over $37 trillion.<\/p>\n<p>The ounce price of gold is trading at $3,651.96 on Tuesday, up 0.5%. Gold increased by around 5% in a week.<\/p>\n<p>More and more investors opt for gold in anticipation of falling interest rates. Gold rose 9% last month and more than 38% this year, versus 27% last year.<\/p>\n<p>Meanwhile, silver is on a record spree in line with gold &#8212; silver exceeded $40 per ounce for the first time since 2011, reaching $41.36, up 40% since the beginning of the year, overperforming gold.<\/p>\n<p>Some investors view gold as more of a safe haven than US bonds, contributing to its rise, alongside the Fed\u2019s likelihood to cut rates this month.<\/p>\n<p>As labor data in the US showed a cooling labor market, money market estimates point to three rate cuts this year, each in September, October, and December, totaling 75 basis points.<\/p>\n<p>The interest on the US economy\u2019s debt of $37 trillion exceeds the country\u2019s military spending, further prompting investors to look to safe-haven assets.<\/p>\n<p><b>Trump versus Fed power struggle<\/b><\/p>\n<p>US President Donald Trump has been pressuring the Fed to cut rates, as a power struggle between the otherwise independent bank and the president came to the fore.<\/p>\n<p>Trump put extra pressure on the Fed last month, as he targeted Governor Lisa Cook &#8212; the first Black woman on the Fed\u2019s Board of Governors &#8212; over an alleged mortgage fraud, accused by Bill Pulte, director of the Federal Housing Finance Agency.<\/p>\n<p>Trump said he had \u201cjust cause\u201d to fire Cook in the letter he posted on Truth Social, becoming the first US president to remove a Fed governor from their post.<\/p>\n<p>Cook, in return, said she would not resign and would continue her duties as she has done since 2022.<\/p>\n<p>She said she had \u201cno intention of being bullied to step down from my position because of some questions raised in a tweet,\u201d and that she will take legal action to set the record straight.<\/p>\n<p>Cook\u2019s attorney Abbe Lowell argued that Trump\u2019s real concern may not be the alleged mortgage fraud but the governor\u2019s opposition to rate cuts.<\/p>\n<p>Low rates keep the US dollar and the bond yields under pressure, giving rise to the appeal of gold, which does not provide a steady return.<\/p>\n<p>When rates are high, gold\u2019s appeal wanes versus other investments generally regarded as safe, such as bonds. Earlier this year, despite the US 10-year bond yield reaching above 4%, gold ran for record highs several times.<\/p>\n<p>The Fed\u2019s increasing likelihood that the bank may ease rates more than expected continues to influence asset pricing and the US dollar index.<\/p>\n<p>Meanwhile, the US Dollar Index fell by over 10% this year to 97.36.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Kenya<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Kenya. Gold hit a new record at over $3,600 per ounce, led by the estimates that the Fed may cut rates by 75 basis points in total by the end of the year, as well as a weakening US dollar. Gold continues breaking records as its safe-haven feature comes to the fore amid [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":148960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[4625,544,13132,3820],"class_list":["post-148961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-gold","tag-kenya","tag-ounce","tag-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gold Hits Record High Amid Fed Rate Cuts and Dollar Decline - kenya<\/title>\n<meta name=\"description\" content=\"Gold hit a new record at over $3,600 per ounce, led by the estimates that the Fed may cut rates by 75 basis points in to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Hits Record High Amid Fed Rate Cuts and Dollar Decline\" \/>\n<meta property=\"og:description\" content=\"Gold hit a new record at over $3,600 per ounce, led by the estimates that the Fed may cut rates by 75 basis points in to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-09T21:19:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-09T21:49:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2025\/09\/sm_1757438294.962927.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gold Hits Record High Amid Fed Rate Cuts and Dollar Decline\",\"datePublished\":\"2025-09-09T21:19:33+00:00\",\"dateModified\":\"2025-09-09T21:49:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline\"},\"wordCount\":526,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2025\/09\/sm_1757438294.962927.jpg\",\"keywords\":[\"gold\",\"Kenya\",\"ounce\",\"price\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/gold-hits-record-high-amid-fed-rate-cuts-and-dollar-decline\",\"name\":\"Gold Hits Record High Amid Fed Rate Cuts and Dollar Decline - 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