September is a crucial month for the metal sector in general. With the anticipation of interest rate cuts looming over the sector, gold has already started to align with the changes, surging on the possibility of a potential rate cut. At the same time, the Federal Reserve’s meeting on September 17th could bring in significant changes. These changes, in the form of a significant rate cut announcement, could deter investors’ sentiment towards USD-backed assets, which again, could be a bullish signal for gold to bank on. What are the odds? Will the gold price hit another high this month? Let’s explore the possibilities.
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Interest Rate Cut and Gold: Is Another ATH Brewing?
Gold is currently basking in a spree of new all-time highs. The asset is currently sitting on top of a new high of $3640 and is up 200% since 2019. The metal is recording a surge of speculation as the Federal Reserve is all set to conduct a new meeting on September 17th. With the entire economic sector pressuring Powell to cut rates as soon as he can, this meeting may usher in this significant announcement, speculations of which have started to help gold prices align with the overall market view. The metal is currently banking on possibilities, which, if they come true, can help metal break new price records in the process.
As per Rashad Hajiyev, a leading gold expert, gold is expected to claim new price highs, leveraging the current FOMC momentum.
“I personally believe gold is not going anywhere until the FOMC is held on September 17th. I expect more red days in gold next week than green. And that is the best thing to happen to gold. I do not want a pointless rally disregarded by miners ending in a deeper pullback later on. I would like to see gold to solidify the stair steps. Because gold is not in the parabolic stage of the rally yet…”
Over the passing week, gold formed a decisive breakout from a 4.5-month consolidation and rallied 4%. It was not just an ordinary 4% rally as one could see from the chart below. Interestingly senior gold miners GDX largely turned a blind eye on the breakout and rallied a very… pic.twitter.com/6u97DmVWUC
— Rashad Hajiyev (@hajiyev_rashad) September 6, 2025
How High Can the Metal Surge If Rate Cuts Are Announced?
According to ChatGPT, the AI portal predicts a gold-based rally to hit $3700, followed by a major price spike towards $4000.
The analysis delivered by AI is similar to that of Goldman Sachs, which claims that gold may hit $4000 in the near future.
“Gold remains our highest-conviction long recommendation,” Goldman Sachs said in a note dated Wednesday.
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