Gold Soars to Record $3,728 as Bitcoin Declines

2025-09-23 01:01

Gold prices reached an unprecedented $3,728 per ounce on September 22, 2025, as investors shifted capital from cryptocurrencies to traditional safe-haven assets. This surge coincided with a sharp decline in Bitcoin, reflecting increased demand for precious metals following the Federal Reserve's recent rate cut. The rally in gold was accompanied by gains in other precious metals, with silver rising 1.3% to $43.6, platinum up 1.2% to $1,420.4, and palladium increasing 1.2% to $1,163.2. Analysts suggest that economic concerns and expectations of further monetary easing by the Fed are driving the trend.

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