$3,500 per ounce: Gold’s next target
01 September 2025
Gold has hit a new all-time high, surging more than 35% since the start of the year. According to the World Gold Council, prices climbed 26% in the first half of 2025, with another 5% gain expected in the second half. Meanwhile, silver (XAGUSD) broke above $41 per ounce for the first time in 14 years, while platinum (XPTUSD) and palladium (XPDUSD) also posted solid gains.
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The rally is largely driven by expectations of a Fed rate cut. Markets now assign an 88% probability of a 25 bps cut in September — up from just 38% a month ago. Additional momentum came from dovish comments by San Francisco Fed President Mary Daly, who backed policy easing due to rising labor market risks. Despite core PCE inflation rising to 2.9%, investors are betting on a weaker dollar and a flight to safe-haven assets.
Geopolitical tensions are adding to the bullish case. Ongoing conflicts in Ukraine and the Middle East are fueling demand for “safe harbors.” Meanwhile, the Trump administration is pressuring Swiss gold refiners to relocate production to the US — a demand they’ve refused. In August, Trump also announced that gold imports will remain exempt from tariffs, adding to investor interest. Analysts warn that trade wars and supply chain disruptions could further boost commodity prices.
According to FreshForex analysts, gold is expected to trade between $3,300 and $3,600 in the coming months, before making a run toward the $4,000 mark. With global currencies under pressure and recession risks looming, gold continues to serve as a global barometer of trust — and a powerful hedge against uncertainty.
Gold is already near record highs — $4,000 is next! Activate your special offer: 202% bonus on deposits from $202 with promo code INDEX202 in support chat.
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