Market Analysis: On September 8th, in the ever-changing global economic landscape of 2025, gold, as a traditional safe-haven asset, is experiencing an unprecedented surge. Driven by multiple factors including weak U.S. employment data, escalating geopolitical tensions, and continued central bank purchases, spot gold prices have approached the historic threshold of $3,600 per ounce, with year-to-date gains reaching 37%. This strong rally in gold prices not only reflects market expectations for a shift in Federal Reserve monetary policy but also highlights investors' risk-averse sentiment amid increasing uncertainty. Economic data in the coming week will be crucial. Wednesday's Producer Price Index (PPI) is expected to decline, while Thursday's European Central Bank meeting and U.S. Consumer Price Index (CPI) will be in focus, with overall CPI expected to rise 2.9% year-over-year, along with Friday's University of Michigan Consumer sentiment data.
In summary, this gold rally benefits from the combined forces of U.S. economic weakness, geopolitical escalation, and central bank support. Gold's approach to the $3,600 threshold is not an endpoint but the beginning of a new chapter. Looking ahead, with the Federal Reserve's September meeting approaching and inflation data release, the gold bull market still has significant room to run, though short-term pullback risks should be monitored. Investors should closely watch policy developments and seize golden opportunities amid uncertainty.
Gold Technical Analysis: This week's bullish trend in gold remains unchanged. Although last week's positive data impact has passed, the current market's rate-cutting environment persists, so the overall market environment continues to support gold's upward movement. From a technical perspective, the daily chart is currently in a unidirectional upward trend above moving averages, with Bollinger Bands expanding and both 5-day and 10-day moving averages showing extremely strong performance. Under trend influence, a breakout above 3600 could happen at any time, reaching new highs. However, this week it's important to emphasize that despite the bullish trend, avoid excessive optimism and focus on pullback buying opportunities.
On the H4 timeframe, watch for two key changes this week: whether Bollinger Bands contract and whether moving average support breaks. Band contraction would indicate high-level consolidation, while support breakdown would signal weakness. The key support level for the week is 3550; breaking below 3550 may lead to consolidation, while breaking 3510 could signal a trend change, with further downside targets at 3450 or lower. Therefore, while maintaining a bullish outlook on gold this week, attention to detail changes is crucial. For intraday operations, focus on pullback buying, with support levels at 3565 and 3550. After Asian and European session adjustments to these levels, look for subsequent upward momentum and closely monitor the 3600 level.
Silver Technical Analysis: Silver's weekly low reached 39.512 last week before strong consolidation and rally, with a high touching 41.462 before consolidating. The weekly close was near 40.96 with a large bullish candle having an upper shadow slightly longer than the lower shadow, indicating continued bullish momentum for this week. For today's operations, if silver first pulls back to 40.6-40.5, consider buying with stop loss at 40.2 and targets at 40.8-41 and 41.2-41.4.