https://sputnikglobe.com/20250922/gold-at-new-highs-extending-septembers-outsize-gain-1122835495.html
Gold at New Highs, Extending September’s Outsize Gain
Gold at New Highs, Extending September’s Outsize Gain
Sputnik International
Gold prices hit record highs again Monday as the penultimate week of September began, extending gains in a month already shaping to be one of the precious metal’s best for this year.
2025-09-22T15:24+0000
2025-09-22T15:24+0000
2025-09-22T15:24+0000
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By 10:00 US Eastern Time (14:00 GMT), the spot price of gold, which reflects trades in bullion, was up $51.90, or 1.4%, at $3,757.70. It earlier hit a record high of 3,728.43. Benchmark US gold futures for December delivery on New York’s Comex hit a record high of 3,762.90 before consolidating to trade at 3,753.92, up 48.12, or 1.3%. Spot and futures of gold have hit record highs multiple times in September on optimism that the Federal Reserve’s inaugural rate cut of 25 basis points for 2025 has started a window of monetary easing that could unleash a flood of safe-haven demand from global central banks to mom-and-pop investors. For this month alone, spot has risen about 8% and futures about 7%, bringing annual gains for both to above 42%.
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gold prices, outsize gain, gold at new highs, extending gains
gold prices, outsize gain, gold at new highs, extending gains
Gold at New Highs, Extending September’s Outsize Gain
WASHINGTON (Sputnik) - Gold prices hit record highs again Monday as the penultimate week of September began, extending gains in a month already shaping to be one of the precious metal’s best for this year.
By 10:00 US Eastern Time (14:00 GMT), the spot
price of gold, which reflects trades in bullion, was up $51.90, or 1.4%, at $3,757.70. It earlier hit a record high of 3,728.43.
Benchmark US gold futures for December delivery on New York’s Comex hit a record high of 3,762.90 before consolidating to trade at 3,753.92, up 48.12, or 1.3%.
Spot and futures of gold have hit record highs multiple times in September on optimism that the Federal Reserve’s inaugural rate cut of 25 basis points for 2025 has started a window of monetary easing that could unleash a flood of safe-haven demand from global central banks to mom-and-pop investors.
For this month alone, spot has risen about 8% and futures about 7%, bringing annual gains for both to above 42%.
