JKB Financial Services Ltd.

As on : 26-Sep-2025

Other Markets - Bullion Markets
26-Sep-2025 15:00

Gold steadies near $3785, set for 2% weekly jump

Gold hovered around $3785 per ounce on Friday, staying close to record highs hit earlier this week, supported by its safe-haven appeal. The metal is on track for a weekly gain of more than 2% and has surged nearly 8% this month, marking its third consecutive monthly rise. Buying interest was also reinforced by fresh tariff threats, with US President Donald Trump announcing steep new import duties effective October 1. On the economic front, US weekly jobless claims fell to 218K, pointing to labor market resilience, while revised second-quarter GDP showed 3.8% annualized growth, the strongest pace in nearly two years. Investors now await the PCE price index, the Fed's preferred inflation measure, for fresh clues on policy. The dollar index edged lower to 98.07 on Friday after two days of gains, keeping gold supported at elevated levels.

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