Precious Metals Skyrocket: Gold Near $3,800, Silver Hits 14-Year High in Fed-Fueled Rally
Key Facts Precious Metals Market Overview (Sept 26–27, 2025) Gold and its peers notched standout gains in late September, extending a remarkable rally in precious metals. Gold, in particular, powered to fresh record highs. On Tuesday of that week it breached $3,790 per ounce, an all-time high, before settling back slightly reuters.com. By Friday (Sept 26), spot gold was holding near $3,778/oz, up about 0.8% on the day and 2.5% higher for the week reuters.com. U.S. gold futures (Dec delivery) closed around $3,809 on Friday reuters.com, reflecting bullish sentiment in forward markets. Other major precious metals surged in gold’s slipstream.