The price of gold increased today, Friday, and the yellow metal is heading towards achieving a fourth weekly gain in a row, as fears of the weak labor market in the United States overflowed on inflation concerns before expected reduction in interest rates by the Federal Reserve “the US Central Bank” next week.
Gold prices increased today, Friday, 9-20-2025, at the beginning of instant transactions by 0.4% to reach 3,647.76 dollars an ounce by 02:11 GMT.
The yellow metal has achieved 1.7% so far this week, according to Reuters data.
Gold futures increased in the United States, delivering December 0.4 percent to $ 3686.50 an ounce.
“The market is now looking for a great opportunity to reduce interest rates at least three times before the end of 2025, which far exceeds the previous expectations two months ago,” said the market experts, adding that this helps gold at the present time.
The Federal Reserve is widely expected to reduce the main interest rate by 25 basis points on Wednesday, with a little possibility to reduce it by 50 basis points, according to the “CME Fedwatch” tool.
The non -returning gold, which is often considered a hedge against inflation and economic uncertainty, tends to achieve good performance in the low interest rate environment.
“The price is close to $ 3700 … so this may happen at any moment in the short term, we see some resistance at about 3900 dollars according to our technical analysis, but in the long run, we believe that most institutions are still probably not invested in a large way,” said Ryan Macinterre, the administrative partner of the “Spot” Asset Management Company for the Gold Mining Fund.
The yellow metal (gold), whose highest level has been recorded at 3673.95 dollars last Tuesday, increased by 39% so far this year.
Regarding the prices of other precious metals, the instant silver price decreased by 1.1% to $ 42.03 an ounce, while platinum rose by 0.5% to reach $ 1,385.40, and palladium rose 0.9% to 1,198.56 dollars. All three minerals are directed towards a weekly height.
