Gold: Rare Yet Produced
In the ever-evolving world of commodities, Goldfolio is making a move to capitalise on another market primed for a major rally. The surge in gold prices, fuelled by high demand from central banks and continued inflows into gold-backed ETFs, has caught the attention of investors worldwide.
The upward trend in gold prices has been a consistent theme, with the gold price surging to a new record high of $3,508 per ounce on September 2, 2025. This peak surpassed the previous record from April by a few dollars, marking a significant milestone in the gold market.
Silver, too, has been riding the wave, with the precious metal surpassing the $40 mark and hitting a 14-year high. This surge in silver prices is a testament to the robustness of the gold market and its potential for further growth.
The mining sector, in particular, is expected to be an interesting area to watch this afternoon, as gold and silver miners position themselves to benefit from the rising prices. Goldfolio readers, with their early exposure to silver miners, are well-positioned to capitalise on this trend, as their portfolio has seen a significant increase of over 40% year-to-date.
The weak jobs market is another factor contributing to the surge in gold prices. Recent jobs data has been disappointing, with revisions to previous months' data also going lower. This weak jobs market puts pressure on the US Federal Reserve to cut rates, a move that could further boost the gold market.
The US Federal Reserve's policy shift was signalled by Chair Jerome Powell in his Jackson Hole speech. Over 80% of market participants now expect a rate cut at the Fed's September 17 meeting, a move that could provide a further boost to the gold market.
As US and Canadian traders return to their desks after the Labor Day holiday, the much-anticipated US jobs report is due out on Friday. This report could provide further insight into the state of the jobs market and the potential for further interest rate cuts.
In the current European session, silver is trading lower but has generated a new buy signal. This could indicate a potential rebound in silver prices in the near future.
In other news, US President Donald Trump has fired his statistics chief, adding another layer of uncertainty to the economic landscape. However, for gold and silver investors, the focus remains on the rising prices and the potential for further gains in the coming months.
Goldfolio is offering a new 1-month subscription for €48, providing investors with the opportunity to stay updated on the latest developments in the gold and silver markets. With analysts continually revising their gold price forecasts upwards, with Goldman Sachs raising its year-end target for gold from $3,300 to $3,700 per ounce, it seems that the gold and silver markets are set for a continued rally.
