Gold and Silver Prices Analysis – September 2025

September 2025 saw strong gains in gold and silver. Gold climbed 11.33% to $3,871 on September 30, a new record high supported by the Fed’s first 0.25% rate cut of the year, weakening the dollar and boosting safe-haven demand. US tariffs and geopolitical tensions further fueled gold’s rally. Meanwhile, silver surged 16% to $47.17/oz, driven by strong industrial demand and ETF inflows. These developments reinforced bullish expectations for Q4 2025, with gold potentially surpassing $4,000 in early 2026.

English: Chart and table showing global gold in USD/oz, local 21K gold in EGP/gram, and silver prices (global and local) with highs, lows, and averages for September 2025.English: Chart and table showing global gold in USD/oz, local 21K gold in EGP/gram, and silver prices (global and local) with highs, lows, and averages for September 2025.
English: Key September 2025 events: Fed’s 0.25% rate cut, gold hitting $3,791, UN recognition of Palestine, US GDP data, PCE inflation, and US Congress talks on possible shutdown.English: Key September 2025 events: Fed’s 0.25% rate cut, gold hitting $3,791, UN recognition of Palestine, US GDP data, PCE inflation, and US Congress talks on possible shutdown.
English: Bullet points explaining gold’s surge: Fed rate cuts, weaker dollar (DXY 96.2), new tariffs, geopolitical tensions, central bank purchases (900–1000 tons), major banks’ bullish forecasts, and global debt rising to $338 trillion.English: Bullet points explaining gold’s surge: Fed rate cuts, weaker dollar (DXY 96.2), new tariffs, geopolitical tensions, central bank purchases (900–1000 tons), major banks’ bullish forecasts, and global debt rising to $338 trillion.
English: Silver surged 16% to $47.17/oz in September 2025, supported by industrial demand, investor safe-haven buying, geopolitical risks, and ETF inflows.English: Silver surged 16% to $47.17/oz in September 2025, supported by industrial demand, investor safe-haven buying, geopolitical risks, and ETF inflows.
English: Technical analysis showing gold’s bullish momentum with support at $3,650–$3,795 and resistance at $3,850–$3,900, with bullish scenario above $4,000 or correction toward $3,600.English: Technical analysis showing gold’s bullish momentum with support at $3,650–$3,795 and resistance at $3,850–$3,900, with bullish scenario above $4,000 or correction toward $3,600.
English: Silver technical analysis highlighting strong uptrend with support at $44–$45 and resistance at $48.5–$50, scenarios include breakout to $52–$55 or correction to $40–$42.English: Silver technical analysis highlighting strong uptrend with support at $44–$45 and resistance at $48.5–$50, scenarios include breakout to $52–$55 or correction to $40–$42.
English: Egyptian local gold reached a record of EGP 5,161/gram on September 29, 2025, driven by global rise and local demand. Support 4,950–5,000, resistance 5,200–5,230.English: Egyptian local gold reached a record of EGP 5,161/gram on September 29, 2025, driven by global rise and local demand. Support 4,950–5,000, resistance 5,200–5,230.
English: Calendar of key October 2025 events: US jobs report Oct 3, FOMC minutes Oct 8, CPI Oct 15, Fed rate meeting Oct 28–29, and ongoing geopolitical tensions.English: Calendar of key October 2025 events: US jobs report Oct 3, FOMC minutes Oct 8, CPI Oct 15, Fed rate meeting Oct 28–29, and ongoing geopolitical tensions.