GOLD Price Forecast Sept 2025 Report
Gold price surged ahead despite higher inflation report. All inflation reports suggesting hotter than expected inflation. FED‘s favorite indicator CORE PCE Index also reported 0.3% surge in inflation. FOMC chairman already suggested in his Jackson hole Symposium speech that Fed is looking for a rate cut. But the away inflation is increasing Fed’s hands are tied and we don’t see much of rate cuts in 2025.
We might be seeing single rate cut compare to 4 which we anticipated in beginning of 2025. Despite tariff threats in April 2025 market was hoping two rate cuts as inflation were in check and we didn’t see any shock despite major tariffs from April 2025.
But since July we are seeing inflation is showing hotter than expected numbers. Trump is denying inflation at all but numbers don’t lie. Be it CPI , PPI or CORE PCE Index. All inflation indicators suggest inflation is running hot once again. So I don’t see major rate cuts after September.
US also unleashed new tariffs on India and its a trade war kind of situation between US and India. India didn’t retaliate and showing good restraint despite major tariffs and major statements coming from White House.
Russia Ukraine ceasefire is also kind of dead. We had hoped that we may see some development on this front. But Trump and Putin meet resulted in dud. Israel is also planning invasion of Gaza and applying sovereignty into West Bank. This could make things complex for middle east.
Gold prices fired up and tested almost at all time high. 3500$ is kinda on charts and there is no respite for gold prices. All factors showing good path ahead for gold buyers. However XAUUSD buyers need to be cautioned. Gold has discounted too many events in its 3500$ zone.
Conclusion: Currently gold prices are trading at 3490$ after making highs near 3490$ in spot. Gold price support stands at 3300$. This is ultimate support for now. If gold close below this then we may see sellers have upper hand upto 3200$ and 3000$.
Resistance now stands at 3520$. Above this expect more upside upto 3600$.
Follow daily forecast on my Youtube channel