December Gold futures hit a new all-time high, its third in the last four sessions, and are up for a third consecutive week. This rise was driven by a weaker dollar after US nonfarm payrolls missed expectations for the second straight month. The market now shows a 90% chance of a 25 basis point rate cut at the September 17th meeting, with a total of six cuts now priced in through 2026. This shift toward a more aggressive rate-cutting cycle has added to the strong tailwinds supporting the gold market.