Silver & Gold Price Movements in Week 2 – September 2025
The gold price ended the week at $3,643/oz after touching a ~$3,675 high, up 1.6%. Silver prices closed at $42.17/oz (+2.94%), with intrawEEK peaks near $42.46. In Egypt, 21K gold hit EGP 4,946/gram for the first time since January 2025. Key drivers included expectations of a near-term Fed rate cut, weaker U.S. macro readings, and increased long-term allocations into gold ETFs. Markets also watched remarks from Fed officials (Waller, Barkin, Logan, Williams), revised Q2 GDP on Thursday, and July PCE on Friday—events shaping the policy path. Technically, gold faces resistance at $3,655–3,675–3,700 with support at $3,620–3,600–3,580, suggesting bullish continuation unless supports break.