World Gold Council – Gold Market Commentary, Sep 2025

The main theme of the report is the analysis of current trends in the gold market, including record inflows into gold ETFs, which led to a new record gold price in September 2025.

Key findings include: Gold reached its 39th record this year, ending the month at $3,825 per ounce, up 12%. Political tensions, options market activity, and currency weakness played key roles in the rise in gold prices. Record inflows into gold ETFs, especially from North America and Europe, also contributed to the price increase. High volatility in the stock market is expected in October, and gold is likely to remain a good hedge despite its significant rise.