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Weekly Gold Price Analysis: Trends and Insights (Sept 29 – Oct 3, 2025)

Weekly Gold Price Analysis (29 September 2025 – 03 October 2025)
Weekly Gold Price Analysis (29 September 2025 – 03 October 2025)

The Weekly Gold Price Analysis (29 September 2025 – 03 October 2025) highlights a strong performance in the gold market, driven by renewed investor confidence and shifting global dynamics. Throughout the week, gold maintained its position as a preferred safe-haven demand asset amid ongoing geopolitical risk and economic uncertainty.

Supported by a favorable Gold market outlook and consistent bullish momentum, the yellow metal recorded steady gains. Traders closely monitored support and resistance levels as gold prices responded to macroeconomic events, including US Dollar movement and interest rate expectations. This week’s analysis explores both technical and fundamental trends shaping gold’s path in the global financial landscape.

Gold opened at $3,758.59 and closed at $3,833.93, rising 1.78%. The day saw strong buying interest from Asia, where emerging economies continued accumulating gold. This rebound came after a brief pause in late September. Investors viewed the pullback as an opportunity to buy the dips, especially as PMI data hinted at slower global manufacturing. The sentiment was that weaker economic indicators would push the Federal Reserve toward more rate cut expectations, which typically support gold.

Tuesday’s trading saw the metal rise slightly, closing at $3,858.51 with a 0.64% gain. The day was shaped by a softening US Dollar movement and cautious optimism before the release of global PMI data. Traders continued to favor gold as a safe-haven demand amid persistent global instability. The Gold price forecast improved as the metal stayed well above its key support levels, and the RSI indicator remained firmly in bullish territory.

DateOpenHighLowCloseChange %
29 Sept 20253,758.593,834.583,757.623,833.93+1.78%
30 Sept 20253,833.843,871.873,793.183,858.51+0.64%

Wednesday marked a stable session, with prices closing at $3,865.80, up 0.19%. Market participants monitored the US monetary policy outlook and the Fed’s potential moves for October. Gold hovered near the psychological barrier of $3,900, signaling a possible technical breakout. The XAU/USD analysis indicated continued strength despite mild price consolidation.

On Thursday, gold tested its weekly high of $3,897.20 before slipping slightly to close at $3,856.53. The minor short-term pullback reflected profit-taking after several sessions of gains. However, the Gold technical analysis remained bullish. Traders saw this decline as a healthy correction, aligning with the broader Gold market outlook of steady long-term growth amid geopolitical risk and central bank accumulation.

Friday ended the week on a strong note. Gold closed at $3,886.83, gaining 0.79%. The market regained its footing as investors responded to softer economic indicators and renewed concerns over global risk sentiment. Despite the volatility, the week concluded with clear bullish momentum, reaffirming gold’s role as a defensive asset during uncertain times.

HighestLowestAverageTotal Change %
3,897.203,757.623,860.32+3.18%

The Gold technical analysis for this week identifies crucial support and resistance levels between $3,820 and $3,900. The RSI indicator shows that the market remains in bullish territory, suggesting that traders could continue to buy the dips. The short-term trend indicates a potential technical breakout if gold sustains a close above $3,900.

Market charts reveal a gradual parabolic move, with gold forming higher lows and consistent highs. While a brief price consolidation might occur, the overall tone stays bullish. Traders are advised to watch the psychological barrier near $3,900, as a breach could trigger a run toward $3,950. Such patterns underline the importance of a flexible trading strategy amid growing market volatility.

Fundamentally, the week’s rally was driven by the Federal Reserve’s earlier US interest rate cuts and increasing rate cut expectations for October. These moves reduced the real interest rates, making gold more attractive as a store of value. The weakening US Dollar movement amplified demand, while ongoing geopolitical risk and de-dollarization trends provided long-term structural support.

The Gold fundamental analysis highlights how the combination of central bank accumulation and fears of an economic slowdown have positioned gold for sustained demand. As emerging economies continue diversifying their reserves, the global economy leans further toward metals as stability anchors. This momentum reflects a broad bullish outlook, though tactical caution remains vital for traders navigating near-term volatility.

The week ended with gold up 3.18%, proving resilient amid ongoing global instability and uncertain US monetary policy direction. Investors showed confidence in gold’s ability to hold above the support and resistance levels of $3,820 and $3,900. This consistent pattern of higher closes strengthens the medium-term Gold price forecast.

The Gold trading strategy for the coming week should focus on identifying buy zones during pullbacks. The combination of safe-haven demand, lower real interest rates, and active central bank accumulation all support the ongoing rally. While market volatility could persist, the bullish momentum remains the dominant force. Gold’s sustained strength reflects the world’s search for stability in an unpredictable financial landscape.


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Abu Ali is the driving force behind GoldPriceKSA.com. With over 18 years of experience in financial markets, he specializes in tracking gold prices, analyzing global market trends, and making sense of local Saudi gold fluctuations.

Education: Holds an MBA in Finance, is a Fellow Chartered Accountant (FCA), and a Chartered Market Technician (CMT), with a robust academic and professional background in Business and Finance.

Expertise: Gold price analysis, bullion trading, investment strategies

Published Work: Contributor to financial blogs & regional investment forums

Role at GoldPriceKSA: Ensures all market data and insights are accurate, updated, and easy for users to understand

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