Gold prices reached a record high of $3,650 per ounce on September 9, 2025, driven by expectations of Federal Reserve rate cuts and increased central bank purchases.
Impact on Gold Price
The significant rise in gold prices to $3,650 per ounce is attributed to the weakening US dollar, adjustments in Federal Reserve policy, and increased purchases by central banks, as confirmed by official reports.
Central Bank Reserve Diversification
Key players in the market include central banks, notably China's central bank, which acquired 2 tonnes of gold in August, marking ten consecutive months of buying. El Salvador also announced its first significant gold purchase since 1990, deviating from prior investments in Bitcoin.
Cryptocurrency Market Outlook
The growing attention to gold as a safe haven asset reflects declining confidence in the US dollar and volatility in global equity and bond markets. It is expected that changes in central bank investment strategies will influence the cryptocurrency market, potentially decreasing interest in riskier assets such as Bitcoin and Ethereum.
Considering gold's historical role as a safe haven during uncertainty, diversification strategies continue to significantly impact financial markets and investment preferences.
