Mon Sep 01 04:00:00 UTC 2025: Okay, here’s a news article summarizing the provided text:
**Gold and Silver Prices Soar to Record Highs Amid Interest Rate Cut Expectations and Global Economic Uncertainty**
**New Delhi, September 1, 2025:** Gold and silver prices experienced a dramatic surge today, reaching unprecedented levels in domestic futures markets. Gold hit a high of ₹1,05,937 per 10 grams, while silver soared to ₹1,24,214 per kilogram, marking an approximate 2% increase.
As of 9:10 AM, the October gold futures contract was trading at ₹1,04,812 per 10 grams, up by 0.95%. The December silver futures contract jumped 1.73% to ₹1,23,976 per kilogram.
Several factors are driving this rally. A primary catalyst is the growing anticipation of an interest rate cut by the US Federal Reserve in September. Fed Chairman Jerome Powell hinted at potential rate reductions in his Jackson Hole speech, and other Fed officials have since echoed this sentiment.
Last Thursday, Fed Governor Christopher Waller expressed his support for a September rate cut, anticipating further reductions in the coming three to six months, citing emerging weakness in the labor market and concerns about further deterioration. He emphasized the need for timely adjustments to monetary policy.
Adding to the upward pressure is the uncertainty surrounding President Donald Trump’s tariff policies and their impact on global economic growth. Trump’s tariffs on numerous countries have created volatility in the global economy, leading investors to seek safe-haven assets like gold and silver.
Experts predict further gains for gold in the coming months. JP Morgan Research forecasts that gold could reach $3,675 per ounce in the fourth quarter of 2025 and potentially $4,000 per ounce by mid-2026. Silver, comparatively more affordable, is expected to see even more rapid growth as institutional investors increasingly focus on it.
However, analysts caution that a stronger US economy and easing inflation could trigger a price correction.
First Piper 