ALBAWABA - Gold prices have marked dozens of new records during the past nine months as the precious metal set its latest highs in morning trading on Tuesday, about a week before the Federal Reserve's meeting.
Gold prices increased today, Sept. 9, 2025, to $3,655.5 per ounce, up 0.55 percent, or $20 per ounce, by 4:30 a.m. GMT, marking a new all-time high.
Gold's rise was supported by growing expectations of an interest rate cut at the Federal Reserve's meeting next week, as speculation grows that US monetary policymakers may be forced to cut rates by about 50 basis points following the shocking jobs report.
(Shutterstock)
Should we buy gold now despite the price increase?
Peter Grant, vice president and chief metals strategist at Zaner Metals, wrote in a note: "The yellow metal could continue its advance toward $3,700-$3,730 in the near term, and any pullbacks in the near term are likely to represent buying opportunities," Erem News reported.
Moreover, Tim Waterer, senior market analyst at KCM Trade, also wrote in a note to clients: "We are likely to see further gains in gold above this level provided the U.S. Federal Reserve delivers on market expectations of multiple rate cuts."
