Silver to $39.50: Up 9.4% Past 30 Days
Daily News Nuggets | Today’s top stories for gold and silver investors
September 30th, 2025
U.S. Government Shutdown Approaches at Midnight Wednesday
Washington is on the brink of a government shutdown, with funding set to expire at midnight Wednesday. After a tense White House meeting, Vice President JD Vance bluntly said, “I think we’re headed to a shutdown.”
Democrats are pushing for an extension of health care subsidies, while Republicans want to freeze spending at current levels for seven weeks. Senate Majority Leader Chuck Schumer described “very large differences” between the sides, leaving little room for compromise before the deadline.
For markets, the standoff adds another layer of uncertainty. Gold, already up 45% this year, is attracting fresh safe-haven buying as investors look for protection from Washington’s gridlock, trade wars, and geopolitical risks.
Why This Matters: Political dysfunction has a history of driving safe-haven flows — and gold’s surge this year shows investors aren’t waiting to find out how this standoff ends.
Gold Surges to Fresh All-Time High, Up 12% in September
The gold bull run is gathering speed. Spot prices hit a record $3,866/oz yesterday, capping a 12.1% jump in September — the metal’s strongest monthly rally since 2011. For 2025, gold is now up 45%, its best year-to-date performance since 1979, when runaway inflation drove similar safe-haven demand.
The latest surge comes as investors brace for a U.S. government shutdown and speculate the Fed may soon cut rates to cushion growth. ETF inflows are picking up too, with the SPDR Gold Trust showing fresh demand. Analysts say gold’s break into uncharted territory marks a decisive shift: from steady consolidation to a rally that has plenty of room to run.
The Takeaway: With momentum this strong, traders are eyeing $4,000 as the next psychological milestone…
Citi Lifts Gold Forecasts to $4,000, Silver to $55
Mainstream analysts are finally echoing what Mike Maloney and Alan Hibbard have been saying for years: gold and silver are heading much higher. This week, Citi raised its gold forecast to $4,000, pointing to both long-term forces like central bank buying and short-term catalysts like looming Fed cuts.
Silver is getting attention too. At ~$47 today, Citi now expects $55/oz within months, citing its unique dual role as both a safe-haven and a vital industrial metal for solar and electronics. If silver does reach $55 before the end of the year, that would be a whopping 90% increase in 2025.
For investors who’ve followed Mike and Alan’s research, these targets aren’t surprising. What’s different now is Wall Street finally catching up.
Fed is Open to Cuts, but Caution Dominates
Fed policymakers are walking a fine line. St. Louis Fed President Alberto Musalem struck a careful tone this week, saying he is open to further rate cuts but warning against moving too fast while inflation is still running roughly a percentage point above target.
Markets, however, are already convinced: futures imply a 91% chance of a 25 bp cut at the Fed’s next meeting. The debate comes as growth momentum softens and risks from Washington’s budget fight add to uncertainty.
Why This Matters: Lower rates reduce the cost of holding non-yielding assets like gold and silver, but a hawkish pivot could trigger a sharp pullback. Beyond Fed policy, India’s festival season is adding its own powerful demand driver.
India Nearly Doubles Precious Metal Imports Despite High Prices
India’s appetite for precious metals hasn’t slowed despite record prices. Gold and silver imports nearly doubled in September compared to August, according to customs sources, even as domestic prices hit all-time highs above ₹117,000 per 10 grams. Jewelers and banks are rushing to stock up ahead of Diwali and wedding season, a period that traditionally drives India’s bullion demand.
Expectations of possible import duty hikes also contributed to the rush. As the world’s second-largest consumer after China, India’s surge in demand underscores a key point: cultural and seasonal forces often outweigh price sensitivity.
India’s buying spree highlights that gold’s rally isn’t just a U.S. story — it’s global and structural.
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