Gold Hits Record as Investors Pile Into Fed Rate-Cut BetsStock Market News From Sept. 16, 2025: Stocks Pull Back From Record LevelsLast Updated:13 hours agoGold was glistening again on Tuesday, climbing to yet another record high with investors certain the Federal Reserve is about to cut interest rates for the first time this year.Futures climbed 0.3% to just under $3,734 an ounce in early trading. The gains mean bullion is now up 41% for the year, surging amid a central-bank buying spree and worries about geopolitical uncertainty.Rate-cut bets have powered the latest move higher. The Fed's September meeting kicks off today, and traders are sure the central bank is going to slash borrowing costs. The majority expect a quarter-point reduction, but some are betting on a half-point cut.