After reaching record highs earlier this week, the gold market experienced a slight pullback on Thursday, 4 September 2025. Despite this retreat, the bullish momentum that has driven gold prices to impressive gains remains intact, reflecting continued investor confidence in the precious metal.
📉 Gold’s Market Movement – 4 September 2025
As of 6:40 PM ET, December gold futures declined by $17.30, or 0.48%, settling at $3,598.40 per ounce. However, the price further dropped by $4.20 during extended-hours trading, reflecting a modest profit-taking phase among traders. This retreat comes after gold’s strong rally earlier this week, which saw prices hit new record highs.
Despite the decline, gold’s weekly performance remains impressive, showing a 2.34% gain for the week and a remarkable 36.24% increase year-to-date. These figures underscore the sustained investor appetite for gold as a safe-haven asset amidst ongoing economic uncertainties and inflation concerns.
🔍 Technical Analysis: Bullish Sentiment Remains
From a technical perspective, Thursday’s pullback was minor and approached key support levels but did not breach them. The $3,572.40 level, marked by the 23.6% Fibonacci retracement of gold’s recent rally, served as strong support. Gold quickly recovered from this technical threshold, indicating that bullish forces remain in control.
This correction reflects normal market behavior after a strong rally, as traders secure profits. However, the underlying bullish trend continues to dominate the precious metals market. The market’s ability to find support at these key levels further strengthens the long-term bullish outlook for gold.
🪙 Silver Follows Gold’s Rally – Surpasses $42 Per Ounce
In line with gold’s strong performance, silver has also been on a remarkable upward trajectory, reaching $42 per ounce during intraday trading for the first time since 2011. This significant milestone marks a psychological victory for silver, breaking through a long-standing resistance level. The metal’s performance mirrors the strength of its golden counterpart, with both metals benefiting from similar macroeconomic factors.
📉 Silver’s Market Performance on 4 September 2025
Despite the broader pullback in precious metals, silver demonstrated resilience, only modestly declining alongside gold futures. At $41.27 per ounce, silver remains near its 23.6% Fibonacci retracement level at $41.03, highlighting the metal’s technical strength and ability to recover swiftly after minor dips.
Silver’s ability to find support at this critical technical level indicates that the bullish market structure remains intact, with investor demand continuing to support its price. The $42 per ounce breakthrough is significant, suggesting further upside potential for silver in the coming months.
💡 Market Outlook – 6 September 2025
Both gold and silver markets remain poised for continued strength. While near-term volatility is expected as traders continue to book profits from this year’s gains, the overall bullish trend in precious metals remains strong.
Gold:
- Immediate Support: $3,572.40 (23.6% Fibonacci retracement)
- Next Target: $3,650 – $3,700 per ounce
Silver:
- Immediate Support: $41.03 (23.6% Fibonacci retracement)
- Next Target: $43 – $45 per ounce
🟡 Why Precious Metals Remain Attractive
- Inflation: The persistent threat of inflation is pushing investors to seek the stability of gold and silver.
- Safe-Haven Assets: As economic and geopolitical risks persist, gold and silver continue to perform well as safe-haven investments.
- Industrial Demand: Silver’s demand in electronics, solar panels, and batteries continues to provide strong support for its price.
📌 Summary Table – 5 September 2025
| Metal | Price (PKR per Tola) | Change from Yesterday | Forecast Range (Next Day) |
|---|---|---|---|
| 24K Gold | ₨ 3,598.40 (per ounce) | ↓ 0.48% | ₨ 3,600 – 3,650 per ounce |
| 22K Gold | ₨ 335,861 (per tola) | ↑ 1,000 | ₨ 335,000 – 337,000 |
| 24K Silver | ₨ 4,220 per tola | ↑ 50 | ₨ 4,200 – 4,260 |
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