The gold price reached a new high of 3,604.70 dollars per ounce

Gold reached a historic high of $3,604.70 an ounce, driven by a report showing that the American economy created only 22,000 jobs in August, and the unemployment rate increased. This led traders to speculate on a reduction in the monetary policy interest rate by the Federal Reserve. Additionally, the increase in China's gold reserves and geopolitical risks contributed to the growing appeal of gold as a safe-haven asset. Goldman Sachs estimates that the price of gold could approach $5,000 if the Fed's independence is affected.