Gold is at all-time highs, currently trading at $3,511.80 USD, up 33.03% YTD as of September 1, 2025. This strong performance, outpacing Bitcoin, S&P 500, Dow Jones, and Crude Oil YTD, suggests potential market hedging against fears of stagflation or broader market weakness, especially with anticipated September rate cuts and 3% inflation. Investors might consider Gold as a defensive asset in the current environment.