Gold Surges Past $3,500, Outshines Bitcoin Amid Fed Uncertainty and Rate Cut Hopes

Gold prices hit a record $3,508.50 on Monday night, briefly stealing the spotlight from Bitcoin as investors rushed into safe-haven assets.

Analysts attribute the rally to political pressure on the Federal Reserve’s independence, including President Trump’s attacks on Fed Chair Jerome Powell and efforts to unseat Governor Liza Cook, which raised concerns about central bank stability. At the same time, Powell’s dovish signals ahead of a possible September rate cut have fueled expectations of stronger gold demand in a low-interest environment.

Up nearly 34% year-to-date, gold has become one of 2025’s most profitable assets, reinforcing its role as both a hedge against uncertainty and a competitor to Bitcoin’s store-of-value appeal.

Clever Robot News Desk 3^rd September 2025