Precious Metals Shine in September 2025 as U.S. Markets Hit Records
September 2025 witnessed a blend of trends in global markets. Precious metals shone, while agricultural commodities and energy had mixed results. The U.S. stock market hit new highs, and the Federal Reserve implemented a rate cut.
Precious metals dominated September. Gold surged 10.16% to nearly $3,900 per ounce, a record high. Palladium and silver also soared, gaining over 14% each. NYMEX platinum futures led the sector with a 15.62% gain. Meanwhile, agricultural commodities struggled. Grain/oilseed, soft, and animal protein sectors posted losses, except for lean hog futures. Energy commodities had mixed results. WTI and Brent crude oil prices dipped slightly, while gasoline and heating oil futures rose.
The U.S. stock market continued its upward trajectory. The S&P 500, NASDAQ Composite, Dow Jones Industrial Average, and Russell 2000 index all hit record highs. The U.S. 30-year Treasury bond futures edged only 0.08% lower, staying within a December 2023 trading range. The U.S. dollar index inched up 0.08% due to tariff concerns, rising debt levels, and global uncertainty. COMEX copper futures recovered with a 5.79% gain.
September 2025 concluded with precious metals outperforming, agricultural commodities mostly down, and energy having mixed results. The U.S. stock market and bond futures remained strong. The Federal Reserve cut interest rates by a quarter point on September 17, 2025, under Chair Jerome Powell's leadership.
