09.10.2025
Gold prices rose 3.8% to $4,033 per troy ounce
this week, though such gains have almost become routine as the metal continues
setting fresh all-time highs nearly every other day over the past six weeks.
The latest record was reached on Wednesday at $4,059 per ounce. The rally
accelerated sharply from October 1, following the start of the U.S. government
shutdown and the release of weak ADP Nonfarm Payrolls data for September. Gold
broke above resistance at $3,780, jumping 2.0% to $3,835 in a single session,
which confirmed a move toward the next target at $3,860–$3,880 per ounce.
07.10.2025
The U.S. Dollar Index (DXY) rose by 0.65% to
98.38 points this week, while the EURUSD declined by 0.55% to 1.16740. This
Dollar rally amid the ongoing U.S. government shutdown appears
counterintuitive, as such periods typically weaken the Greenback. Indeed,
following the shutdown on Wednesday last week, the EURUSD initially climbed
0.68% to 1.17780, approaching resistance at 1.17600–1.17800, a breakout above
which would have confirmed a renewed rally toward the 1.19500–1.20500 zone.
30.09.2025
The U.S. Dollar Index (DXY) declined by 0.44%
to 97.71 points this week, while the EURUSD rose by 0.48% to 1.17560. Federal
Reserve Chair Jerome Powell briefly pressured the Euro last Tuesday. Although
his tone was slightly more dovish than in his post-meeting comments on
September 17, he still admitted that earlier Fed forecasts had overestimated
the inflationary effects of U.S. president Donald Trump’s tariffs. The
following day, the EURUSD dropped by 0.59% to 1.17370, and after
stronger-than-expected U.S. GDP data revised upward to 3.8% QoQ from 3.3%, the
pair fell another 0.
25.09.2025
Gold surged 2.0% this week to $3,759 per troy
ounce, setting another all-time high at $3,791. The breakout confirms the start
of an extreme rally toward the $3,850–$3,950 target zone.
The rally was already in motion before the
Federal Reserve’s September meeting, as bullion cleared the critical
$3,610–$3,630 resistance. A textbook retest followed when Fed Chair Jerome
Powell struck a hawkish tone, briefly pushing prices down to $3,627. The dip
proved short-lived, with investors dismissing Powell’s stance as political
posturing rather than an economic necessity.
23.09.2025
The Dollar Index (DXY) slipped 0.28% this week
to 97.36, while the EURUSD advanced 0.51% to 1.18010. The pair accelerated
toward its extreme target of 1.19500–1.20500, closing last Tuesday at 1.18600
and surging to 1.19180 the next day following a 25 bps Fed rate cut.
However, Fed Chair Jerome Powell quickly
turned the tide with a sharply hawkish tone. He stressed inflation risks,
expressed concern about the labour market, and emphasised the Fed’s independence
from the White House, which overshadowed the updated dot plot chart showing two
more cuts in 2025.
16.09.2025
The U.S. Dollar Index (DXY) declined by 0.31%
to 97.14 points, while the EURUSD advanced 0.50% to 1.17910. The recent upside
momentum suggests a long-awaited acceleration toward the extreme target zone of
1.19500–1.20500. Since August 6, the pair had been confined within a sideways
range of 1.16000–1.17000. The breakout above resistance, triggered by weak
Nonfarm Payrolls data, was followed by a week-long retest. With this week’s
move toward 1.18000, the breakout now appears confirmed, leaving the path
higher open.
11.09.2025
Gold prices climbed 1.1% to $3,627 per troy
ounce this week, setting a new all-time high at $3,674 — the fifth record in
the past eight trading sessions. This pace of gains is forcing investors to
weigh the possibility of further upside. A sustained hold above $3,600 could
extend the rally toward the extreme target of $3,850–$3,950.
On a three- to six-month horizon, however,
current levels appear overstretched. Bullion has not been this extremely
overbought since 1975. Yet in the near term, momentum remains strong and the
news backdrop continues to support higher prices.
09.09.2025
The U.S. Dollar Index (DXY) fell 0.39% to
97.38 this week, while the EURUSD advanced 0.31% to 1.17590. Gains in the Euro were tempered by political
instability in France, where the government was dismissed, marking the fourth
resignation in two years. Market reaction was relatively
muted, although 10-year French government bond yields edged higher to 3.48%
from 3.40%. Investors, however, remain more focused on U.S. macroeconomic
signals than European political risk.
The spotlight is on the U.S. labour market.
02.09.2025
The U.S. Dollar Index advanced by 0.47% to
98.23 points over the week, with the euro weakening by 0.38% to 1.16470 against
the dollar. The EURUSD started the week with a sharp, catalyst-free decline of
nearly 1.0% to 1.16040, followed by a brief consolidation on Tuesday. By
Wednesday, the move intensified, sending the pair down a further 0.26% to
1.15730 and erasing the entirety of the post-Jackson Hole rally sparked by
Federal Reserve Chair Jerome Powell’s dovish comments. Yet, by the end of the
week, the euro managed to recover above 1.17000, despite strong U.S.
28.08.2025
Gold prices rose 0.7% this week to $3,394 per
troy ounce, once again rebounding from the $3,330–$3,350 support zone and
moving toward resistance at $3,450. The
main driver remains political uncertainty over the Federal Reserve’s (Fed) independence. Concerns
intensified last Thursday when the U.S. Department of Justice sent a letter to
Fed Chair Jerome Powell urging the removal of FOMC member Lisa Cook over alleged
misconduct in mortgage lending. The letter arrived just
one day before Powell’s keynote at the Jackson Hole symposium, where markets
had expected a hawkish message.