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Gold prices surge to record highs

September 16, 2025 / 10:35 PM
Gold prices surge to record highs
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Sharjah 24 – WAM: Gold prices climbed on Tuesday, hitting an all-time high of $3,702.95 per ounce before easing slightly to $3,689.67, a 0.5% increase for the day.

Investor optimism ahead of Fed decision

The rally is driven by investor confidence that the US Federal Reserve will announce a 25-basis-point interest rate cut at its meeting on September 16–17—its first since December 2024. Markets are closely watching the Fed’s decision, which could further influence gold’s bullish momentum.

September 16, 2025 / 10:35 PM

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