• Gold Ask $3,970.01 +$12.69 (+0.32%)
  • Silver Ask $50.06 −$0.19 (−0.38%)
  • Platinum Ask $1,430.02 −$2.18 (−0.15%)
  • Palladium Ask $948.49 +$3.35 (+0.35%)
Delayed · Ask prices as of
Type at least two characters for suggestions. Use the down arrow to browse suggestions, or press Enter to see all results.
(646) 362-3536
Account
Sell to Us
Cart 0 items

Daily brief · Monday, September 22, 2025

Gold sets another record as rate-cut hopes lift all precious metals

Gold finished at another record as multiple reports pointed to rising expectations for further Federal Reserve rate cuts and a pause in the dollar’s recent strength. Silver also pushed to a multi-year high, keeping the complex bid into the close.

AI summaryWritten automatically with AI from 27 linked reports and our own price data, Oct 21, 2:10 AM ET. Each point links to its sources. Published without an editor’s review; not investment advice. How this page is made

Closing prices for September 22, 2025

Gold $3,719.70 +1.54% 30d +11.6% Silver $43.74 +3.55% 30d +15.1% Platinum $1,413.00 +1.44% 30d +5.5% Palladium $1,176.00 +2.17% 30d +4.6%

Tone of the reports: Leaning higher

What happened

  1. Gold pushed to fresh record highs as investors focused on the path for more Fed easing after the first cut of the year, with rates in the spotlight across several market wrap-ups.

    SourcesReuters: Gold hits fresh record high as investors eye further rate cuts2: Gold scales record high as markets brace for further rate cutsInvesting.com: Gold prices rise with record highs close amid Fed rate cut cheer By ...Yahoo Finance: Stock market today: Dow, S&P 500, Nasdaq hit 3rd record in a row ...

  2. Reuters and Bloomberg both tied the day’s move in gold to the dollar pausing, which can make dollar-priced metals look cheaper for non-U.S. buyers.

    SourcesReuters: Dollar pauses for breath with Fed speakers in focus | ReutersBloomberg: Stock Market Today: Dow, S&P Live Updates for September 22 ...

  3. MarketWatch and Kitco highlighted silver at a 14-year high alongside the record run in gold, pointing to broad strength across precious metals rather than a gold-only move.

    SourcesMarketWatch: Gold hit a record and silver's at a 14-year high — this Wall Street ...Kitco News: Gold price powers to record high; silver at 14-year high

  4. Action Forex described gold breaking above the $3,700 area and staying in a short-term bullish acceleration, while also noting pullbacks after the Fed decision and dot plot.

    SourcesAction Forex: XAU/USD: Gold at New Record Highs Above $3,7002: Gold (XAU/USD): Short-Term Bullish Acceleration Intact Towards New All-Time Highs Above US$3,660 Key Support

  5. Kitco cited Deutsche Bank raising its gold forecast to $4,000 by 2026, underscoring that some banks have lifted longer-range targets after the recent surge.

    SourcesKitco News: Deutsche Bank raises gold forecast to $4,000 by 2026

  6. Heraeus flagged a counterpoint: central bank gold demand weakened in Q3, and it also warned U.S. silver demand from solar could slide in 2025.

    SourcesKitco News: Central bank gold demand weakens in Q3, U.S. silver demand from solar could slide in 2025 – Heraeus

Bull vs bear

The arguments the day’s reports made for each direction. We list them side by side; we don’t pick one.

The case for higher prices

The case for lower prices

What to watch

  • This weekFed officials speakingReuters said markets are watching a slate of Fed speakers, including Powell, for signals as policy shifts, which can move rate expectations that matter for gold and silver.
  • UpcomingKey inflation reportYahoo Finance said traders are watching a key inflation report after the Fed’s first rate cut of the year, as inflation data can shape the expected path of rate cuts.
  • UpcomingCore PCE dataFXEmpire said core PCE inflation could be a trigger for a fresh gold breakout, making the release a focal point for the market.

Metal by metal

Gold $3,719.70 +1.54%

Reuters reported gold hit fresh records as markets leaned toward further Fed rate cuts, and later noted the dollar pausing with Fed speakers and inflation risks in focus. Kitco added that Deutsche Bank raised its gold forecast to $4,000 by 2026, while Heraeus cautioned that central bank gold demand weakened in Q3.

Gold headlines

Silver $43.74 +3.55%

MarketWatch and Kitco said silver reached a 14-year high. Heraeus warned U.S. silver demand tied to solar could slide in 2025.

Silver headlines

Platinum $1,413.00 +1.44%

No report focused on platinum.

Platinum headlines

Palladium $1,176.00 +2.17%

No report focused on palladium.

Palladium headlines

The day’s reports

40 reports, most important first, New York time.

  1. 9:18 PM Reuters · 9:18 PM▲ Reports a rise Dollar pauses for breath with Fed speakers in focus | Reuters Reuters said the dollar paused while gold hit a fresh record high as Fed speakers and inflation risks stayed in focus.
  2. 8:00 PM Investing.com · 8:00 PM▲ Reports a rise Gold prices rise with record highs close amid Fed rate cut cheer By ... Gold prices rise toward record highs as traders cheer the prospect of a Fed rate cut.
  3. 2:38 PM Reuters · 2:38 PM▲ Reports a rise Gold hits fresh record high as investors eye further rate cuts Gold hit another record high as investors looked for more interest-rate cuts.
  4. 9:49 AM Action Forex · 9:49 AM▲ Reports a rise XAU/USD: Gold at New Record Highs Above $3,700 Gold rose to a new record high above $3,700 as traders bet on further Fed rate cuts.
  5. 8:41 AM Reuters · 8:41 AM▲ Reports a rise Gold scales record high as markets brace for further rate cuts Reuters says gold scaled a record high as markets brace for further interest-rate cuts.
  6. 8:00 PM MarketWatch · 8:00 PM▲ Reports a rise Gold hit a record and silver's at a 14-year high — this Wall Street ... Gold hit a record and silver reached a 14-year high as investors priced in lower rates and a softer dollar.
  7. 8:00 PM Bloomberg · 8:00 PM▲ Reports a rise Stock Market Today: Dow, S&P Live Updates for September 22 ... Bloomberg says gold rose to a record as the dollar paused its recent gains.
  8. 8:00 PM Yahoo Finance · 8:00 PM▲ Reports a rise Gold Hits $3,700, Crypto Melts Down, and Powell Could Flip the ... Gold hit $3,700 as XTB's Kathleen Brooks said it may stay supported as an inflation hedge and on renewed Fed easing.
  9. 8:00 PM Yahoo Finance · 8:00 PM▲ Reports a rise Stock market today: Dow, S&P 500, Nasdaq hit 3rd record in a row ... Gold held a fifth weekly gain after the Federal Reserve's first rate cut of the year, with traders watching a key inflation report.
  10. 8:00 PM Investing.com · 8:00 PM▲ Reports a rise Gold Record Run Signals Anxiety Over Fed, Fiscal Gridlock, and ... Gold's record run is being linked to worries about the Fed, fiscal gridlock, and broader policy uncertainty.
  11. 8:00 PM Earlier news service · 8:00 PM VIETNAM ends gold monopoly, allows banks back into bullion market Vietnam ends its gold monopoly and lets banks return to the bullion market.
  12. 8:00 PM Earlier news service · 8:00 PM RUSSIA : Kremlin restricts gold export to 100 grams to stop capital outflow - fo.. Russia is restricting gold exports to 100 grams to curb capital outflow.
  13. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise ETFs : Investors Buy Most Gold ETFs in More Than Three Years | Holdings grew nea.. Investors bought the most gold ETFs in more than three years as holdings climbed sharply.
  14. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise STONEX / RHONA O'CONNELL : Gold Hits $3,724, Silver Soars Above $43.8 Gold hits $3,724 and silver tops $43.80, according to StoneX and Rhona O'Connell.
  15. 8:00 PM Earlier news service · 8:00 PM CHINA's Strategic Push for Foreign Gold Reserves China is pushing to expand its role in foreign gold reserves.
  16. 8:00 PM Earlier news service · 8:00 PM CHINA Seeks Role as Custodian of Global Gold Reserves to Bolster Financial Clout China wants a bigger role as custodian of global gold reserves to increase its financial clout.
  17. 4:16 PM Kitco News · 4:16 PM▲ Reports a rise Deutsche Bank raises gold forecast to $4,000 by 2026 Deutsche Bank raised its gold forecast to $4,000 by 2026.
  18. 9:39 AM Reuters · 9:39 AM Powell, Miran among slew of Fed officials speaking this week as policy shifts Powell and other Fed officials are scheduled to speak this week as markets watch for policy signals.
  19. 8:17 AM Kitco News · 8:17 AM▲ Reports a rise Gold price powers to record high; silver at 14-year high Gold reached a record high and silver climbed to a 14-year high.
  20. 5:32 AM Action Forex · 5:32 AM Gold (XAU/USD): Short-Term Bullish Acceleration Intact Towards New All-Time Highs Above US$3,660 Key Support Gold hit a fresh intraday high and then corrected slightly after the Fed’s monetary policy decision and dot plot.
  21. 5:29 AM FXStreet · 5:29 AM▲ Reports a rise Gold Price Forecast: XAU/USD at fresh record highs, aims for $3,730 ... Gold is extending gains toward $3,730 after bouncing from the $3,630 area on cautious markets and hopes for more Fed easing.
  22. 8:00 PM Investing.com · 8:00 PM Perpetua Resources receives conditional approval to begin Stibnite ... Perpetua Resources received conditional approval to begin work on its Stibnite Gold Project.
  23. 8:00 PM Earlier news service · 8:00 PM IRAN’s central bank says gold and FX reserves are secure Iran's central bank says its gold and foreign-exchange reserves are secure.
  24. 8:00 PM Earlier news service · 8:00 PM BULLIONVAULT : CHINA Challenges Western Bullion Trading BullionVault says China is challenging Western bullion trading.
  25. 8:00 PM Earlier news service · 8:00 PM CHINA Courts Foreign Gold Reserves to Reshape Global Finance The article says China is courting foreign gold reserves to reshape global finance.
  26. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise SILVER Rally Breaks $44.22 as Gold Strength Fuels Bullish Price Prediction Silver rallies above $44.22 as gold strength supports bullish price calls.
  27. 8:00 PM Earlier news service · 8:00 PM RUSSIA : Pilot project to utilize raw materials containing precious metals sched.. Russia is launching a pilot project to use raw materials containing precious metals.
  28. 8:00 PM Earlier news service · 8:00 PM▲ Reports a rise UBS : Go for gold UBS publishes a bullish "Go for gold" call.
  29. 8:00 PM Earlier news service · 8:00 PM RUSSIA : Putin instructed to introduce commodities with precious metals into cir.. Putin ordered steps to bring commodities containing precious metals into circulation.
  30. 3:25 PM Reuters · 3:25 PM Wall St indexes climb with Nvidia, tech shares; some Fed officials lukewarm on more rate cuts U.S. stocks rose while some Fed officials sounded lukewarm about additional rate cuts.
  31. 2:08 PM Reuters · 2:08 PM Fed's Hammack still focused on inflation, calls for caution in easing policy A Fed official said she remains focused on inflation and wants caution on easing policy.
  32. 12:05 PM Kitco News · 12:05 PM▲ Reports a rise China’s relentless gold accumulation will keep prices in a decade-long uptrend Kitco says China’s continued gold buying could keep prices in a long-term uptrend.
  33. 10:59 AM Kitco News · 10:59 AM Central bank gold demand weakens in Q3, U.S. silver demand from solar could slide in 2025 – Heraeus Heraeus says central bank gold demand weakened in the third quarter and U.S. solar demand could reduce silver use in 2025.
  34. 8:06 AM Benzinga · 8:06 AM▲ Reports a rise Gold Nears $3,800 Mark, But Expert Says 'We Aren't Anywhere Close To Gold Fever Yet:' 39% Of Fund Managers Have 0% Allocation - SPDR Gold Trust (ARCA:GLD), SPDR Gold MiniShares Trust (ARCA:GLDM) Gold is nearing $3,800 as experts say the market is still far from a gold-fever stage.
  35. 8:00 PM Fortune · 8:00 PM Page 46 of 100 | Personal Finance News, Money Management ... Fortune looks at whether gold price trends can show if the metal is protecting against inflation.
  36. 8:00 PM FXEmpire · 8:00 PM▲ Reports a rise Gold Price Outlook – Gold Continues to Look Strong | FXEmpire FXEmpire says gold continues to look strong amid persistent buying pressure.
  37. 8:00 PM Earlier news service · 8:00 PM Building bullion's digital backbone A piece looks at building bullion's digital infrastructure.
  38. 8:00 PM Earlier news service · 8:00 PM WATCHES : Gold traceability, the weak link in Swiss watchmaking An article examines gold traceability as a weak point in Swiss watchmaking.
  39. 12:13 PM Kitco News · 12:13 PM▲ Reports a rise Gold, silver bulls hit the accelerator...again Kitco says gold and silver bulls are pushing higher again.
  40. 7:31 AM Kitco News · 7:31 AM Gold market analysis for September 22 - key intra-day price entry levels for active traders Kitco News presents gold market analysis with key intraday price entry levels for active traders.

How this page is made

Collected every hour. Summed up twice a day. Linked to the source.

Where the news comes from

  • Reuters and Dow Jones headlines for gold, silver, platinum and palladium, through TradingView
  • Kitco News and MetalsDaily
  • The World Gold Council
  • Google News, for wider coverage
  • A daily AI web search for anything the feeds missed

How the briefs are written

Every hour we collect new headlines. An AI model from OpenAI tags each one by metal, topic and importance and writes a one-line summary from its headline and teaser. It doesn’t read paywalled articles. On weekdays at about 8 AM and after the 5 PM New York close, it writes a brief from the most important reports and our own spot price feed. Every point cites the reports it came from. On Fridays it writes a recap of the week.

Who publishes it

Bullion Trading LLC is a physical precious metals dealer in New York’s Diamond District, in business since 2008. Prices on this page come from our own live feed and LBMA history. We buy and sell bullion, so read the briefs as market context, not investment advice. Briefs are published automatically, without an editor’s review. If you spot an error, tell us.

Live precious metals pricesGold price chartPrice timelineMarket moodNews archivePremiums over spotWhat we pay todayThe Journal