Gold Nears $3,800, Silver Tops $46: 10 Forces Supercharging Precious Metals Today (Sept 26, 2025)
Key facts (Sept 26, 2025) In‑depth report Where prices stand right now Gold firmed after August PCE landed near consensus, reinforcing odds of further Fed easing. Spot gold traded near $3,778/oz by 1:30 p.m. ET; December futures settled around $3,809. Silver gained to ~$46.4/oz, a 14‑year high. Reuters “Monthly PCE data is in line… Nothing from this data will prevent the Fed from carrying on with another cautious rate cut at the October meeting,” said Tai Wong. Reuters What moved metals this week (Sept 22–26) Macro backdrop: rates, inflation and tariffs The core PCE inflation gauge is running around 2.9% y/y, close to expectations and below 2022 peaks, keeping alive the case for additional Fed “risk‑management” cuts. Market‑implied odds