Mild profit taking in gold after new all-time high set earlier today

SPOT MARKET IS OPEN
(WILL CLOSE IN 4 HRS. 51 MINS. )
Sep 09, 2025 12:11 PM NY Time

Live Spot Gold

Bid/Ask

3,646.103,648.10

Low/High

3,625.703,669.00

Change

+11.20+0.31%

30daychg

+267.70+7.93%

1yearchg

+1,142.60+45.67%

Silver Price & PGMs

Sep 09, 2025 12:11 PM NY Time

Kitco 10AM Silver Fix

Silver40.87-0.41
Platinum1,366.00-18.00
Palladium1,125.00-12.00
Rhodium 6,925.00+25.00

(Kitco News, Tuesday. Sep. 9th, 2025) – Gold prices are near steady and silver prices lower near midday. Profit taking is featured today after gold earlier in the day hit new contract/record highs. Silver prices are lower, also on profit taking after hitting a 14-year high on Monday. Bullish fundamentals and bullish technical charts are likely to continue to fuel the bull market runs in both precious metals. December gold was last up $1.80 at $3,679.00. December silver prices were down $0.517 at $41.385.

The key outside markets today see the U.S. dollar index firmer, while crude oil futures are higher and trading around $63.25 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently around 4.1%.

December silver futures bulls have the solid overall near-term technical advantage. A bull flag pattern has formed on the daily bar chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at $45.00. The next downside price objective for the bears is closing prices below solid support at $38.00. First resistance is seen at this week’s high of $42.355 and then at $43.00. Next support is seen at this week’s low of $41.08 and then at last week’s low of $40.555

Posted by:

Jack Dempsey, President

401 Gold Consultants LLC

jdemp2003@gmail.com

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