Gold 3,747.20 1.66%
(Reuters, Mon. Sep. 22nd, 2025) – Gold prices surged to a record high on Monday as investors turned to the yellow metal following last week’s U.S. interest rate cut and the Federal Reserve’s signal of potential further easing.
Also on their radar are a series of speeches from Fed officials and key U.S. inflation data later this week.
Spot gold rose 0.7% at $3,709.29 per ounce, as of 0637 GMT, after hitting a record high of $3,711.55.
U.S. gold futures for December delivery climbed 1% to $3,743.40.
“Gold is finding its feet again today, with traders focusing on upside price potential between now and year-end fuelled by projected further rate cuts from the Fed,” said KCM Trade Chief Market Analyst Tim Waterer, adding that sustained central bank buying also continues to support gold’s momentum.
The Fed cut rates by 25 basis points on Wednesday while cautioning about persistent inflation.
Investors are broadly expecting two more rate cuts this year — 25 bps each in October and December — with probabilities of 93% and 81%, respectively, according to the CME FedWatch tool.
Spot silver rose 1.3% to $43.64 per ounce, hovering near a 14-year high. Platinum gained 1.2% to $1,420.48 and palladium rose 1.2% to $1,163.24.
Posted by:
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com