Today, Thursday, September 4, 2025, gold prices opened strong, reaching highs around $3,578 per ounce before settling near $3,555. The market shows a bullish trend supported by expectations of Federal Reserve interest rate cut later this month and continuing monetary easing into 2026. The labor market slowdown in the US reinforced these expectations.
Gold futures rose by more than 1%, with technical support levels around $3,490 and resistance near $3,600. Year-to-date, gold has surged nearly 38%, with gains of over 45% compared to the same time last year, demonstrating strong safe-haven demand amid global economic uncertainties.
Silver traded slightly down today at around $40.70 to $40.89 per ounce, showing a minor decline of about 1.2% from the previous day.
Despite the small pullback, silver prices remain historically high, having surged more than 41% year-over-year and about 7.6% in the past month. Silver continues to be driven by a combination of safe-haven appeal and strong industrial demand, especially from sectors like solar energy. The market anticipates silver prices to stabilize near $40 to $41 with expectations for further gains over the next year.
