Gold hit a new peak today, Monday, September 22, 2025, at $3,719 an ounce, boosted by a drop in the U.S. dollar and increasing market bets on the Fed continuing its interest rate cuts.

Breaking the $3,700 level has strengthened the upward momentum and opened the door for moves towards the range of $3,735 – $3,750 if the U.S. dollar remains weak.