Spot Gold Surges Past $3,704 Amid Federal Rate Cut

On September 18, 2025, spot gold surged past $3,704 per ounce, setting a new all-time high following the Federal Reserve’s interest rate cut in the United States.

The gold rally underscores renewed demand for safe-haven assets, potentially influencing macro risk sentiment in crypto markets, notably with Ethereum whale activities signaling possible shifts to safer investments.

Gold Surges to Record $3,704 Amid Rate Cuts

Spot gold’s ascent past $3,704 resulted on September 18, driven by the Federal Reserve’s decision to cut interest rates. Major trading venues confirmed the intraday gain of over $50, establishing a fresh record high. Renewed safe-haven demand indicates market dynamics shifting away from riskier assets.

Immediate implications include heightened market interest in non-yielding assets, as a depreciating U.S. dollar often correlates with increased gold appeal. Despite this trend, direct correlations with specific cryptocurrencies such as Bitcoin or DeFi assets have not been officially confirmed.

“The correlation between the US dollar’s weakening and gold’s surge suggests a potential risk-off sentiment in the market.” – Mark Thompson, Senior Analyst, Bitget

Market reactions have varied with whale activity noted in Ethereum. A significant wallet sold 1,000 ETH on September 22, coinciding with these developments, suggesting a potential risk-off sentiment among some investors. However, no official statements from institutional entities regarding this gold surge have emerged.

Crypto Whales Stir as Gold Shines Brighter

Did you know? Throughout 2025, gold set over 30 all-time highs, surpassing even the inflation-adjusted peaks from 1980, marking a frequent trend of record-breaking prices in a single year.

Ethereum (ETH) currently trades at $4,168.45, with a market capitalization of formatNumber(503148308344, 2), and a 24-hour trading volume of formatNumber(54786743709, 2). CoinMarketCap reports a 24-hour price drop of 6.80%, but a 90-day increase of 70.09%, reflecting notable volatility.

Coincu research team insights indicate potential shifts in investor behavior, with safe-haven preferences possibly impacting broader financial markets. The absence of specific crypto market regulations tied to this gold surge suggests a more nuanced interplay between traditional and digital assets.