Gold Hits New Record Above $3,728 on Fed Easing Hopes.

Gold continues its record-breaking rally amid Fed easing expectations and strong safe-haven demand.

Gold (XAU/USD) extends its record-breaking rally on Monday, marking six consecutive weeks of gains as dovish Federal Reserve (Fed) expectations and strong safe-haven demand keep interest elevated. XAU/USD trades around $3,715 after hitting a fresh all-time high of $3,728 earlier in the day.

The latest surge is fueled by growing market conviction that the Fed may implement additional easing before year-end. While last week’s 25-basis-point rate cut was widely expected, investors increasingly anticipate two more cuts in October and December, even as Fed Chair Jerome Powell emphasizes that future moves will remain data-dependent.

Gold’s rally remains robust, rising over 40% year-to-date amid geopolitical tensions, central bank accumulation, strong inflows into gold ETFs, and uncertainty around U.S. tariff policy. Looking ahead, attention turns to a series of Fed speeches, including remarks from New York Fed President John Williams, St. Louis Fed President Alberto Musalem, Richmond Fed President Thomas Barkin, and Fed Governors Adriana Hammack and Stephen Miran, for insight on the economic outlook following last week’s cautious rate cut.