Gold Analysis: Race Higher as Speculators Pile into Precious Metals – 02 September 2025
Gold surged toward $3,500 on Tuesday, breaking resistance as speculators fuel momentum while long-term investors continue to see it as a hedge against inflation.

Gold surged toward $3,500 on Tuesday, breaking resistance as speculators fuel momentum while long-term investors continue to see it as a hedge against inflation.
The US dollar bounced against the yen on Labor Day, with USD/JPY consolidating between ¥146.50 and ¥148.50 as traders weigh Fed cuts against Japan’s bond market risks.
Ripple sits at a decisive support level near $2.70, with traders watching for either a bearish breakdown or a bullish reversal above $3.
USD/MXN remained range-bound on Monday’s thin Labor Day trading, with support at 18.50 and resistance at 19.00 setting up the next decisive move.
GBP/JPY surged on Monday, but traders are watching the critical 200 resistance level, with upside targets at 202–205 if broken and key support at 198.
The AUD/USD is stuck at key resistance around 0.6550, with limited upside and potential downside toward 0.64 if the US dollar regains momentum.