{"id":139438,"date":"2025-09-02T21:35:31","date_gmt":"2025-09-02T21:35:31","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-hits-new-record-high-on-fed-rate-cut-bets"},"modified":"2025-09-02T22:04:58","modified_gmt":"2025-09-02T22:04:58","slug":"gold-hits-new-record-high-on-fed-rate-cut-bets","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-hits-new-record-high-on-fed-rate-cut-bets","title":{"rendered":"Gold hits new record high on Fed rate cut bets"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>The price of gold rose sharply to the new record high on Tuesday, triggered by expectations of a September Fed rate cut, and concerns about the central bank’s independence.<\/p>\n

The price of one ounce of gold rose around 1.4% to reach the all-time high of $3,528.80 as of 1730GMT.<\/p>\n

After hitting the record high, the price of gold currently stands at around $3,526.80.<\/p>\n

Gold had already reached record highs earlier this year, surpassing $3,500 amid global trade tensions triggered by US tariffs. The “safe haven” asset gained more than 33% so far this year.<\/p>\n

While prices had since stabilized at around $3,400 as trade fears eased, rising expectations of a rate cut in Fed’s September meeting again boosted demand for the metal as a traditional safe haven asset.<\/p>\n

The Fed, under the constant criticism from US President Donald Trump, will be announcing its decision this month. The bank is 88% likely to issue a rate cut this month, according to money market estimates, and cut rates twice in total by the end of the year.<\/p>\n

As inflation dipped below expectations in July and employment slowed, markets expect a 25 basis-point rate cut in the September meeting. The policy rate currently stands between 4.25% and 4.5%.<\/p>\n

In mid-August, at the Jackson Hole symposium, Fed Chair Jerome Powell signaled a possible rate cut.<\/p>\n

“With policy in restrictive territory, the baseline outlook and shifting balance of risks may warrant adjusting our policy stance,” he said.<\/p>\n

Trump’s move to remove Fed Governor Lisa Cook also boosted demand for gold, as it raised concerns about the central bank’s independence.<\/p>\n

For More News And Analysis About Tanzania<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. The price of gold rose sharply to the new record high on Tuesday, triggered by expectations of a September Fed rate cut, and concerns about the central bank’s independence. The price of one ounce of gold rose around 1.4% to reach the all-time high of $3,528.80 as of 1730GMT. After hitting the […]<\/p>\n","protected":false},"author":84,"featured_media":139437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[8910,798,13971,9057,14658,711],"class_list":["post-139438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-fed","tag-gold","tag-gold-ounce","tag-gold-price","tag-policy-rate","tag-tanzania"],"yoast_head":"\nGold hits new record high on Fed rate cut bets - Tanzania<\/title>\n<meta name=\"description\" content=\"The price of gold rose sharply to the new record high on Tuesday, triggered by expectations of a September Fed rate cut, ...\" \/>\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\/tanzania\/all-news\/gold-hits-new-record-high-on-fed-rate-cut-bets\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold hits new record high on Fed rate cut bets\" \/>\n<meta property=\"og:description\" content=\"The price of gold rose sharply to the new record high on Tuesday, triggered by expectations of a September Fed rate cut, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-hits-new-record-high-on-fed-rate-cut-bets\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-02T21:35:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-02T22:04:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2025\/09\/sm_1756834445.331574.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-hits-new-record-high-on-fed-rate-cut-bets#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-hits-new-record-high-on-fed-rate-cut-bets\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gold hits new record high on Fed rate cut bets\",\"datePublished\":\"2025-09-02T21:35:31+00:00\",\"dateModified\":\"2025-09-02T22:04:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-hits-new-record-high-on-fed-rate-cut-bets\"},\"wordCount\":280,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-hits-new-record-high-on-fed-rate-cut-bets#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2025\/09\/sm_1756834445.331574.jpg\",\"keywords\":[\"FED\",\"Gold\",\"Gold Ounce\",\"gold price\",\"policy rate\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-hits-new-record-high-on-fed-rate-cut-bets#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-hits-new-record-high-on-fed-rate-cut-bets\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-hits-new-record-high-on-fed-rate-cut-bets\",\"name\":\"Gold hits new record high on Fed rate cut bets - 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