Gold at $3,500/oz: Why Now and What’s Next
In early September, gold broke above $3,500 per ounce, extending its strong year-to-date rally. A weaker dollar, expectations of Fed rate cuts, and steady buying by central banks and ETFs all kicked in at the same time. 👉 Next post For a follow-up that frames bonds and safe-haven assets after the gold surge, check the sequel post . 🎯 Key Takeaways ✅ In early September, gold printed fresh all-time highs (in the $3,500s/oz) and is up roughly +30% YTD. ✅ Drivers: weaker USD + expectations for Fed cuts + expanded buying by central banks & ETFs, plus geopolitical/policy uncertainty. ✅ What to watch: the Fed’s September meeting, USD trend, ETF holdings, and whether major central banks remain net buyers. 🔥 Why Gold—Again—Right Now Recently, gold broke above the $3,500 line and set a new all-time high. This isn’t just a short-term blip; it aligns with a trend rally that has pus...