AGE Gold Commentary

AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.

9/8/2025: Gold and silver race higher on weak jobs

Greetings!

Friday’s non-farms payrolls report of just 22,000 new jobs created in August has sealed the deal for the Fed to lower interest rates at their meeting later this month. The only real question now is whether the cut will be 25 or 50 basis points.

As we have reported in our last two updates, lower rates boost gold and silver. Both have been surging in recent weeks, aggressively front running these anticipated rate cuts. Since Jerome Powell's dovish speech at Jackson Hole opened the door for monetary easing, gold and silver have rallied 7.5% and 8.5%, respectively, as of Friday's market close. As we publish this video today, they continue to advance.

In the latest AGE Gold Commentary, we analyze Friday’s weak jobs report and discuss an even more explosive jobs data to be published Tuesday Sept. 9. Market expectations are now for as many as three rate cuts this year for a total of 75 basis points. And of course, we have the latest charts for gold, silver, Treasury yields, and the dollar.

You can also view this video on the AGE YouTube channel, which includes a transcript.

Sincerely,

Dana Samuelson
President