Gold Surges to Record High Above $3,700

Gold prices soared past $3,700 per ounce on Wednesday, setting a new record as investors flocked to safe-haven assets. The rally was fueled by a weaker U.S. dollar and growing expectations that the Federal Reserve is preparing to shift toward looser monetary policy.

The dollar index slid to its lowest level in almost four years, boosting bullion’s attractiveness for global buyers. At the same time, lower U.S. bond yields reinforced the appeal of non-yielding assets such as gold.

Analysts said the surge reflects both currency-driven demand and hedging against broader market risks. With traders widely expecting the Fed to begin cutting rates soon, gold has become a key beneficiary of the dovish outlook.

The metal’s trajectory will remain tied to central bank policy moves, but for now, record highs highlight its role as a safe-haven anchor amid shifting global financial conditions.