Precious Metals Bonanza: Gold & Silver Smash Records as Platinum and Palladium Rally
Late-September 2025 saw a broad rally across the precious metals. Gold futures hit fresh all-time highs – by Sept. 26, December gold settled near $3,809/oz reuters.com. Silver climbed in lockstep, reaching about $46.41 on Sept. 26 reuters.com. Platinum and palladium likewise surged: platinum hit $1,568.21 on Friday reuters.com, and palladium jumped above $1,280. These gains pushed all four metals into strong bull-market territory. Traders note that all sectors of bullion demand are rallying – and even traditionally lagging metals like silver and platinum are catching up. As one analyst observed, with gold so high, investors have been “turning to more affordable alternatives,” lifting silver and platinum prices reuters.com. The move higher was punctuated by a brief set-back following the Fed’s September meeting. At the Fed’s Sept. 17 meeting, the Fed cut rates 25 bps reuters.com and initially sent gold briefly spiking to $3,707 on Sept. 17 reuters.com. However, cautionary comments from Fed Chair Powell prompted profit-taking the next day, and spot gold eased back to the $3,600–$3,700 range reuters.com. Even so, analysts stress this dip was “corrective in nature” and gold’s long-term uptrend remains intact reuters.com. Overall, the net effect is that gold & friends remain very strong, with each
