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.

9/29/2025: Fed sparks massive global precious metals rally

Since our August 18, 2025 update when we detailed how previous Fed rate cutting cycles have driven precious metals prices higher, precious metals have been on an extraordinary run. In this update, I break down that while the Fed sparked the current rally, it has become a global rally, for gold, silver, platinum, and palladium—and why this rally is so powerful today.

As of this morning:

• Gold has soared past $3,800
• Silver has rocketed over $47
• Platinum pierced $1,600
• Palladium moved over $1,300

Just weeks ago at Jackson Hole, Fed Chair Powell signaled a probable rate cut cycle, igniting global buying pressure. These explosive gains remind us of 2011 and 2020 but are happening without a U.S. fiscal crisis—proof of how strong global demand for precious metals is right now.

What's driving this? Overnight buying in Asia, London momentum, and U.S. market surges—all fueling a broad-based, worldwide rally. The last time we saw this kind of action was in April, when Chinese tariff turmoil buying drove gold up $500 in two weeks.

This is a global precious metals bull market that has been red hot for weeks with no sign of cooling yet.

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

Sincerely,

Dana Samuelson

President