Gold (XAUUSD) storms all-time high
XAUUSD prices continue to strengthen, climbing above their all-time high into the 3,720 USD area as the US dollar weakens following the Fed’s rate cut. Discover more in our analysis for 22 September 2025.
XAUUSD forecast: key trading points
Market focus: gold has set a new all-time high around 3,720 USD
Current trend: strong upward momentum persists
XAUUSD forecast for 22 September 2025: 3,750 or 3,700
Fundamental analysis
XAUUSD quotes reached a new all-time high at 3,720 USD per ounce. Investors are now awaiting key US inflation data and commentary from several Federal Reserve officials this week to assess the outlook for monetary policy.
Last week, the Fed cut rates for the first time this year, lowering its benchmark rate by 25 basis points, while signalling room for further easing due to labour market weakness. Markets are currently pricing in two more 25-basis-point cuts this year, with one in October and another in December.
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