AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

9/11/2025: Gold holds near record highs

Source: Bill Musgrave, American Gold Exchange

Austin — Holding near record highs, New York spot gold eased 0.2% to close under $3,637 after another round of soft jobs data increased rate-cut expectations, stoking risk appetite despite rising inflation. Silver lost 1.4% to finish at $41.70 an ounce.

First-time jobless claims rose by 27,000 last week to 263,000, the highest level in nearly four years. While driven in part by floods in Texas, the upsurge reflects growing weakness in the labor market. Revisions to nonfarm payrolls this week revealed 911,000 fewer jobs were created in the 12 months through March than previously reported.

Meanwhile, the CPI rose 0.4% in August, more than expected, lifting the annual consumer inflation rate to 2.9% from 2.7% in July. The broad-based increase was driven by big jumps in housing and food costs.

Wall Street rallied on expectations that the Fed will lower interest rates to try to heal a limping labor market. The Dow rallied 1.3% while the S&P 500 and Nasdaq added 0.9% and 0.7%, respectively.

Fed fund futures are now pricing in a September rate cut at 100%, with expectations of at least one more, may two, before the end of the year.

Benchmark 10-year Treasury yields and the dollar both slipped fell on the dovish rate outlook.

Platinum slid 0.3% while palladium picked up 2.1%.

At the New York spot close: gold dipped $6.70 to $3,636.90; silver shed 56 cents to $41.70; platinum eased $4.50 to $1,389.65; and palladium rose $25.30 to $1,219.60 an ounce.