--- title: Gold Prices Hit Another All-Time High as Investors Await Fed Rate Cut description: The price of gold hit its all-time high Friday as the Federal Reserve prepares for interest rate cuts at next week's meeting. authors: - name: Jordan Chussler role: Editor, Investing and Banking url: https://money.com/author/jordan-chussler/ bio: Jordan is an investment editor and CPFC who specializes in traditional equities, gold and other precious metals, retirement savings and income investing. He combines his personal and professional interests in finance and education to help readers increase their financial literacy and make better investment choices. education: Lynn University certifications: Certified Personal Finance Counselor at_money_since: 2023 articles: 131 covers: - Investing - Banking - Credit - Credit Cards - Economy and Politics - Housing - Identity Theft - Insurance - Loans - Mortgages - Personal Finance - Professional Services - Retirement also_seen_in: - Weiss Ratings - 24/7 Wall Street - Better Investing - Yahoo Finance - Nasdaq - Investing.com - Marketbeat - MSN Money social: - https://www.linkedin.com/in/jordan-chussler-b3597811/ editors: - name: Julia Glum role: Managing Editor url: https://money.com/author/julia-glum/ bio: Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money. education: University of Florida at_money_since: 2018 articles: 453 covers: - Investing - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology also_seen_in: - Newsweek - International Business Times - CBS News - Good Morning America - WUSA9 - Pix 11 - The New York Times - Mashable - The Washington Post - CNBC - Politico social: - https://x.com/superjulia - https://www.linkedin.com/in/julia-glum published: '2024-09-13T16:58:52.000Z' modified: '2024-09-13T16:58:52.000Z' section: Investing tags: - News word_count: 331 canonical: https://money.com/gold-all-time-high-fed-rate-cut/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Photo Illustration of multiple gold bars falling on top of each other](https://img.money.com/2024/09/News-Gold-Cost-Soars.jpg) The price of gold surged to a new all-time high of $2,582 per troy ounce on Friday on the back of a weaker dollar and expected rate cuts. The precious metal is up 3% in the past three days as investors eye the Federal Reserve's next Federal Open Market Committee meeting Tuesday and Wednesday, when the U.S. central bank is expected to [cut its benchmark interest rate](https://money.com/september-fed-rate-cut-effects/) by as much as half a percentage point. Gold historically has an inverse relationship with interest rates — as rates fall and yield-producing assets lose some of their luster, the price of gold tends to rise while offering more appeal to investors looking for assets with higher appreciation potential. Though this isn't always the case, it appears to be in the lead-up to the Fed's decision next week. ## Election year volatility is coming—shield your investments with a Gold IRA ### Prepare for economic uncertainty with Priority. Secure your retirement against possible market disruptions. Click on your state to get started now. [Invest in Gold](https://money.com/pr/e7947ee28a8f?ap_referrer=%2Fgold-all-time-high-fed-rate-cut%2F) While it remains unclear if the Fed will cut by 25 or 50 basis points, there is speculation that a larger cut could happen based on strong recent economic data. August's consumer price index print came in at 2.5%, which is just above the Fed's long-run target of 2%. Between [inflation](https://money.com/trump-vs-harris-inflation-taxes-debate/) being the lowest in three years, August's job report being stronger than July's and wholesale prices, as measured by the producer price index, only increasing by 0.2% last month — in line with analysts' expectations — the Fed is now equipped with sufficient data to make a sizable cut to the effective federal funds rate. The result could be ongoing bullishness for gold, which is already up 35% this year and outperforming the [S&P 500](https://money.com/best-index-funds/) by 17% in 2024. Investors who want to gain exposure to gold can do so by purchasing the physical metal through [online dealers](https://money.com/best-online-gold-dealers/) or buying shares of gold miner stocks or [gold-themed ETFs](https://money.com/best-gold-etfs/). ### Top Precious Metals Company on Inc. 5000 ![Invest in Gold](https://s3.consumersadvocate.org/prd/image/image/19305/medium_414558a1-29d4-465e-b5d1-921febc39ed2.png) Our Partner [Invest in Gold](https://money.com/go/8d0ee7dc413f?bidid=4074331785&pmeta=p129-c736-u23969&ptid=666839478&ptoken=f9e3494a5d26468de6b820a6b77d1667) ### Endorsed by Robert Kiyosaki — Up to $25K in FREE Silver on Qualifying Purchases ![Invest in Gold](https://s3.consumersadvocate.org/prd/image/image/24353/medium_69e2748f-b29f-4686-895b-4e103b4d0c3e.png) Our Partner [Invest in Gold](https://money.com/go/45766665c6fb?bidid=4074331787&pmeta=p129-c736-u23969&ptid=666839478&ptoken=73ef377c319df615711cdd01be1291e5) ### Qualify for up to 10% in FREE silver ![Invest in Gold](https://s3.consumersadvocate.org/prd/image/image/21155/medium_2ce64332-874c-41c0-a3b9-7f738e834f1c.png) Our Partner [Invest in Gold](https://money.com/go/15876b6d9e77?bidid=4074331784&pmeta=p129-c736-u23969&ptid=666839478&ptoken=2d839a435788da45d4f843e252b86204) ![](https://s3.consumersadvocate.org/prd/image/image/19305/medium_414558a1-29d4-465e-b5d1-921febc39ed2.png) American Hartford Gold can help you take control of your financial future [Invest in Gold](https://money.com/pr/u1f7b2bc903e?ap_referrer=%2Fgold-all-time-high-fed-rate-cut%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/gold-all-time-high-fed-rate-cut/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Investing", "item": "https://money.com/investing/" }, { "@type": "ListItem", "position": 3, "name": "Gold", "item": "https://money.com/gold/" }, { "@type": "ListItem", "position": 4, "name": "Gold Prices Hit Another All-Time High as Investors Await Fed Rate Cut" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/gold-all-time-high-fed-rate-cut/#webpage", "url": "https://money.com/gold-all-time-high-fed-rate-cut/", "name": "Gold Prices Hit Another All-Time High as Investors Await Fed Rate Cut", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2024-09-13T16:58:52.000Z", "mainEntity": { "@id": "https://money.com/gold-all-time-high-fed-rate-cut/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/gold-all-time-high-fed-rate-cut/#breadcrumb" }, "dateModified": "2024-09-13T16:58:52.000Z" }, { "@type": "NewsArticle", "headline": "Gold Prices Hit Another All-Time High as Investors Await Fed Rate Cut", "articleSection": "Investing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2024/09/News-Gold-Cost-Soars.jpg", "width": 2016, "height": 1344, "caption": "News-Gold-Cost-Soars" } ], "author": [ { "@type": "Person", "name": "Jordan Chussler", "url": "https://money.com/author/jordan-chussler/", "@id": "https://money.com/author/jordan-chussler/#author", "description": "Jordan is an investment editor and CPFC who specializes in traditional equities, gold and other precious metals, retirement savings and income investing. 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