Spot Gold Breaks $3500/oz, Hits New All-Time High

BlockBeats News, September 2nd, the price of gold broke through $3500 per ounce, hitting a new all-time high. Since 2025, the spot gold price has cumulatively risen by 33%, highlighting the continuous increase in the safe-haven value of gold against the backdrop of global macroeconomic uncertainty and intensified market volatility. Data shows that in 2025, the proportion of gold held by global central banks as part of their foreign exchange reserves surpassed that of U.S. Treasury bonds for the first time. Central bank gold purchases and Fed rate cuts will continue to support the gold price, with Bank of America and Goldman Sachs bullish on gold to $4000.

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