Gold’s Record-Setting Rally Cools as traders start to take profits

/ 3 hours ago September 4, 2025

From Bloomberg Markets and Finance.

Ben McMillan, CIO at IDX Advisors, talks about the record rise in gold and the return of bond vigilantes.

Gold’s record-setting rally cooled, as markets awaited a key US jobs report to justify wagers on US interest-rate cuts that have helped bolster the metal’s price.
Bullion fell as much as 1.3% as traders took profits after a seven-day rally fueled by mounting bets on US rate cuts and strong haven demand amid concerns over the Federal Reserve’s future. Prices hit an all-time high above $3,578 an ounce on Wednesday following a weak US jobs report that spurred markets to almost fully price in a US rate reduction this month.
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