Gold on Fire: Gold (XAUUSD) price today closed near a new record high of $3600, signaling strong bullish momentum. Experts expect the uptrend tocontinue as safe-haven demand and global uncertainties push gold higher.
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Gold on Fire: Hits $3600 Mark – Bull Run Still Strong
Gold (XAUUSD) kept shining bright this week and continued its strong bullish rally. After rising more than 2% in the previous week, the yellow metal opened Monday on a positive note and stayed in the green. Even though US markets were closed for the Labor Day holiday, safe-haven demand pushed Gold higher. The main reason was rising geopolitical tensions, as Russia attacked several regions in Ukraine, and Ukraine responded by striking Russian oil refineries.
Gold Crosses $3,500 – Investors Rush to Safety
On Tuesday, panic in global markets helped Gold extend its rally above \$3,500. Heavy selling in UK government bonds (Gilts), due to worries about Britain’s fiscal health, triggered a global bond market selloff. Investors quickly moved towards safe-haven assets like XAUUSD, giving it a fresh boost.
New Shining Highs Above $3,562
After a small technical correction on Wednesday morning, Gold turned upward again later in the day. The US Dollar weakened as data showed job openings in the US dropped to 7.18 million in July from 7.35 million in June. This pushed Gold to a fresh record high above $3,562.
US Data Weakens Dollar – Gold Stays Strong
On Thursday, Gold briefly dipped back toward \$3,500 due to improved market mood. However, weak US economic data soon revived demand. Jobless claims rose to 237,000, while private payrolls increased by only 54,000 against the expected 65,000. This kept pressure on the Dollar, allowing Gold to rebound strongly.
Nonfarm Payrolls Miss Estimates – Gold (XAUUSD) Breaks Records Again
Friday turned out to be another historic day for Gold. US Nonfarm Payrolls rose by just 22,000 in August, far below the expected 75,000. Previous months’ data was also revised lower, and the unemployment rate edged higher to 4.3%. Bond yields dropped sharply after this weak labor report, leading to heavy Dollar selling. Gold grabbed the opportunity and once again renewed its all-time highs heading into the weekend.
📌 FAQs on Gold Price Rally
1. Why is Gold price rising so much? (05 Sep 2025)
Gold is gaining strength due to safe-haven demand, weak US data, falling bond yields, and rising geopolitical tensions.
2. What is the new record high for Gold?
Gold recently touched a new all-time high above $3,570 per ounce.
3. How does US economic data affect Gold prices?
When US data like jobs, payrolls, or growth comes weaker than expected, the Dollar falls. A weak Dollar makes Gold cheaper for global buyers, pushing its price up.
4. Is Gold still in a bullish trend?
Yes ✅. As long as global uncertainties and Dollar weakness continue, Gold remains strongly bullish.
5. Should investors buy Gold now?
Gold is at record highs, so fresh buyers should be careful. Long-term investors may still consider buying in small quantities on dips, as the bullish outlook remains strong. – Gold Silver Reports
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